Market Chatter: Sun Hung Kai Properties Secures HK$20 Billion Loan at Lowest Cost in Years

MT Newswires Live03-26

Sun Hung Kai Properties (HKG:0016) has locked in a HK$20 billion syndicated loan at its lowest borrowing cost in years, Bloomberg News reported Wednesday, citing people familiar with the matter.

The five-year facility will be used for refinancing and carries an interest margin of 60 basis points over the Hong Kong Interbank Offered Rate, according to the report.

Lenders include Bank of China (Hong Kong), DBS Bank, HSBC, and OCBC, with signing expected in April or May, the report said.

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