HONG KONG (AFX) – Hong Kong Disneyland is seeking a syndicated loan of about 3.2 bln hkd (US$412.8 mil) to refinance a similar-sized loan taken out in 2000 to partially fund construction of the theme park, the Standard reported citing an unnamed source. The new loan will be arranged through Hong Kong International Theme Parks, the joint venture of US-based Disneyland and the Hong Kong government, which owns a majority 57 pct stake, according to the daily. Chase Manhattan Asia stitched together the old loan, bringing in more than 20 other banks to fund construction of the park, including Bank of China, BNP Paribas and HSBC.
Thursday, November 03, 2005
Hong Kong Disneyland Seeks Loan
HONG KONG (AFX) – Hong Kong Disneyland is seeking a syndicated loan of about 3.2 bln hkd (US$412.8 mil) to refinance a similar-sized loan taken out in 2000 to partially fund construction of the theme park, the Standard reported citing an unnamed source. The new loan will be arranged through Hong Kong International Theme Parks, the joint venture of US-based Disneyland and the Hong Kong government, which owns a majority 57 pct stake, according to the daily. Chase Manhattan Asia stitched together the old loan, bringing in more than 20 other banks to fund construction of the park, including Bank of China, BNP Paribas and HSBC.
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