Bloomberg News

Xtep Said to Hire Hang Seng Bank to Market Dual-Currency Loan

February 15, 2012

Feb. 15 (Bloomberg) -- Xtep International Holdings Ltd., a Hong Kong-based maker of sportswear and footwear, hired Hang Seng Bank Ltd. to help it arrange a $100 million three-year term loan, according to a person familiar with the matter.

The dual-currency facility can be funded in either Hong Kong or U.S. dollars and banks are being offered an all-in fee of about 383 basis points to 393 basis points over benchmark rates in syndication depending on their level of commitment, the person said, asking not to be identified as details are private.

To contact the editor responsible for this story: Katrina Nicholas at knicholas2@bloomberg.net


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