News

Residential Property

Staff Reporter

, Hong Kong

Published:

4 months ago

171 views

Mr. Weber Lo, Chief Executive Officer of Hang Lung Properties (fourth from the left), and Mr. Kenneth Chiu, Chief Financial Officer of Hang Lung Properties (fifth from the left), with bank representatives (from left to right: United Overseas Bank Limited, Oversea-Chinese Banking Corporation Limited, The Hongkong and Shanghai Banking Corporation Limited, Bank of China (Hong Kong) Limited, and DBS Bank Ltd.) at the closing ceremony of Hang Lung’s five-year syndicated loan facilities. / Press photo

Hang Lung secures $10b through five-year syndicated loan facilities

The funds will be used to refinance debt and provide additional working capital.

Hang Lung Properties Limited signed a five-year $10b loan facility with a consortium of more than 10 international, Chinese and local banks.

The funds will be used to refinance the company’s debts and provide additional working capital to support the company's business development.

The Facilities are backed by the Bank of China (Hong Kong) Limited, DBS Bank Ltd., The Hongkong and Shanghai Banking Corporation Limited, Oversea-Chinese Banking Corporation Limited, United Overseas Bank Limited, Agricultural Bank of China Limited Hong Kong Branch, The Bank of East Asia Limited, China Minsheng Banking Corp., Ltd. Hong Kong Branch, China Zheshang Bank Co., Ltd. Hong Kong Branch, Hua Xia Bank Co., Limited Hong Kong Branch, Chong Hing Bank Limited, Hang Seng Bank Limited, and First Commercial Bank Ltd.

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