Trade Resources Market View Hongkong Land Was to Be Organizing a Domestic Loan of CNY 2.6 Billion to CNY 2.8 Billion

Hongkong Land Was to Be Organizing a Domestic Loan of CNY 2.6 Billion to CNY 2.8 Billion

Hongkong Land was said to be organizing a domestic loan of CNY 2.6 billion to CNY 2.8 billion or USD 425 million to USD 457 million to build a Wangfujing international brand center.

The company has contacted with several Chinese and foreign banks and required the loan interest rate to be about 100% of the benchmark interest rate of the People's Bank of China and hoped to exempt from paying early-stage fees.

The center, located in the west side of Wangfujing Street and near Tiananmen Square, covers a land area of about 27,200 square meters and mainly consists of global well-known brands, a high-grade hotel and some office buildings.

The developer, affiliated to Jardine Matheson, is developing commercial and residential projects in Hong Kong, China and Singapore and owns a premium listing status in the London Stock Exchange and the secondary listing status in Bermuda and Singapore.

Source: http://www.sinocast.com/readbeatarticle.do?id=100136
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Hongkong Land to Borrow CNY2.8bn for Wangfujing Center
Topics: Service