Conyers advises HKT Group Holdings on HKD11.7bn bilateral facility

Conyers Dill & Pearman has acted as Cayman counsel to HKT Group Holdings (the guarantor) and provided Cayman legal opinions and condition precedents confirmation in respect of the bilateral facilities by each of the 11 participating banks to Hong Kong Telecommunications (HKT) (the borrower) on 21 May 2014.

The aggregate amount of the bilateral facilities is HKD11.7bn (£900m). The participating banks included ANZ Asia; the Hongkong and Shanghai Banking Corporation; Standard Chartered Bank (Hong Kong); Citibank, NA Hong Kong Branch; Deutsche Bank, Singapore Branch; the Bank of Tokyo-Mitsubishi UFJ; Sumitomo Mitsui Banking Corporation; DBS Bank; Mizuho Bank, Hong Kong Branch; United Overseas Bank, Offshore Banking Unit; and Bank of China (Hong Kong).

Richard Hall and Wynne Lau of Conyers’ Hong Kong office advised on the matter, working alongside Linklaters.