(Updates with names of banks in second paragraph.)
Feb. 7 (Bloomberg) -- China Travel Service Hong Kong Ltd. signed a loan of about HK$1.5 billion ($193 million) with five banks, according to a person familiar with the matter, who declined to be identified because the details are private.
The lenders are Agricultural Bank of China Ltd., Bank of China Ltd., Bank of Tokyo-Mitsubishi UFJ Ltd., HSBC Holdings Plc and Taipei Fubon Commercial Bank Co., the person said. The loan pays an all-in rate of more than 200 basis points over the Hong Kong interbank offered rate, another person familiar with the matter said on Jan. 18.
Proceeds will be used to refinance an earlier facility, said the person who spoke in January. China Travel in 2007 signed a HK$2.2 billion five-year loan maturing in May that pays a margin of 36 basis points over the Hong Kong interbank offered rate, according to data compiled by Bloomberg.
--Editors: Beth Thomas, Pavel Alpeyev
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