Tianjin Development raises HK$2bn 5-year term loan facility

The facility will give the group with capital for long term business expansion.

Tianjin Development Holdings Limited (“Tianjin Development”) announced that it has successfully raised a HK$2 billion 5-year term loan facility (“the Facility”) and the signing ceremony was held at Island Shangri-La Hotel on Friday.

The Facility was co-arranged by Bank of China (Hong Kong) Limited, Hang Seng Bank Limited, Industrial and Commercial Bank of China (Asia) Limited, Crédit Agricole Corporate and Investment Bank and China Construction Bank Corporation Hong Kong Branch. This funding exercise was completed within a tight timeline of around 1.5 months, which is a good indication of the solid confidence in Tianjin Development by Hong Kong financial community, according to a Tianjin Development report. 

Mr. Wu Xuemin, Executive Director and General Manager of Tianjin Development said, “The Facility will provide the Group with abundant capital for business expansion in the long run. In the efforts of our employees, we are strategically consolidating our assets, and are confident that Tianjin Development will continue to grow in strength.”