The deal pays an opening interest margin of 220 basis points over the risk-free Hong Kong Interbank Offered Rate, the people added.
Hong Kong broadband service provider HKBN is marketing its first sustainability-linked syndicated loan of as much as HK$6.75 billion ($1.17 billion), according to people familiar with the matter, as the popularity of ESG-related financing grows in the region.
Seven banks, including BNP Paribas, Credit Agricole CIB and DBS Bank, have underwritten the five-year transaction, the people said, asking not to be identified discussing private matters.
