Jul 28, 2020

Belle goes clubbing for HK$20bn refi By Pan Yue 06.00 AM China’s Belle International Holdings has returned to the loan market to refinance some of its debt, but has opted for a club loan this time around in a bid to cut costs associated with underwriting. The footwear company is reaching out to its relationship banks for a self-arranged HK$20bn ($2.6bn) five year club deal, according to two bankers aware of the talks. Another banker added that Belle switched to a club so it can save money it would otherwise have to pay... Already a subscriber? Login