Market Chatter: Hong Kong Urban Renewal Authority Set to Snag HK$13 Billion Facility

MT Newswires Live12-17

The Hong Kong Urban Renewal Authority is set to obtain a HK$13 billion syndicated loan facility, Bloomberg News reported Monday, citing people familiar with the matter.

The quasi-government body in charge of the city's redevelopment of older neighborhoods could sign the facility as early as this week, the report said.

The loan, which has doubled from its initial HK$6 billion size, has a yield of 68 basis points over the Hong Kong interbank offered rate, the report said.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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