Binhai Investment (02886.HK) announced that the company successfully completed the signing of an overseas syndicated loan agreement on March 20, 2024, and was provided with a dual-currency syndicated loan of no more than US$110 million and RMB 284 million. The company's syndicated loan was led by HSBC. It received a total of about US$235 million in subscriptions from 10 financial institutions, successfully oversubscribing by more than 2 times. There are subscription agencies in mainland China, Hong Kong, Macau, Singapore, Japan, and the Arab world, highlighting the company's good image and strong appeal in domestic and foreign financial markets.
This syndicated loan introduced both US dollar and RMB currencies to effectively control comprehensive financing costs. The company will withdraw loan funds according to its actual capital requirements.
The successful acquisition of an overseas syndicated loan is a strong reflection of Binhai Investment's continuous deepening of bank-enterprise cooperation. It provides driving support for the implementation of the company's various strategies and lays a solid foundation for the company's continued high-quality development.