Deutsche Bank AG, HSBC Holdings plc, UBS AG In $2 Billion Loan To Hong Kong Exchanges and Clearing Limited For LME Bid-Reuters

Reuters reported that Deutsche Bank AG, HSBC Holdings plc and UBS AG are providing a USD2 billion bridge loan to Hong Kong Exchanges and Clearing Limited to help it finance an offer for the London Metal Exchange. The trio is close to providing an underwritten commitment to the stock exchange for its first-ever acquisition financing. The LME, which is owned by its members and has Europe's last trading pit where orders are shouted out between traders, has invited binding bids from what is reported to be a shortlist including HKEx, CME Group, NYSE Euronext and InterContinental Exchange Inc.