Market Chatter: HKBN to Borrow HK$6 Billion to Refinance Loans

MT Newswires Live11-06

HKBN (HKG:1310) plans to borrow HK$6.25 billion for refinancing, Bloomberg News reported Tuesday, citing people familiar with the matter.

Proceeds will be used to refinance the broadband company's HK$5.5 billion syndicated loan due in 2025 and pay back a bank facility due in July 2026, the report said, citing the sources.

Four to five banks are said to underwrite the loan, according to the report.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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