HKBN secures HKD5bn for refinancing

Hong Kong Broadband Network (HKBN) has agreed a HKD5 billion (USD643 million) five-year loan for refinancing. Global Capital Asia reports that the five mandated lead arrangers and bookrunners are Bank of China, China Construction Bank, China Citic Bank International, Chiyu Bank and Hang Seng Bank. According to TeleGeography’s GlobalComms Database, HKBN is the second largest retail provider of fixed broadband services in Hong Kong, with around 32% of the overall market in subscriber terms.