Market Chatter: Brookfield in Talks to Refinance Loan for Shanghai Towers

Like
Comment
Favorite

Market Chatter: Brookfield in Talks to Refinance Loan for Shanghai Towers

MT Newswires Live11-06

Brookfield Asset Management is negotiating with banks to refinance a $700 million loan that funded its purchase of an office tower in Shanghai five years ago, Bloomberg News reported Wednesday, citing people familiar with the matter.

The Canada-based asset manager purchased the property from Greenland Hong Kong (HKG:0337) in 2019, and the loan is due before the end of the year, according to the report.

The new package could reach more than $900 million, the report said.

Brookfield also snagged 1.96 billion yuan in a 15-year onshore loan from Bank of China (HKG:3988, SHA:601988) with an annual interest rate of 4%, 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.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Report

Comment

No comments yet

Most Discussed

7x24

All

Terms and Conditions·Privacy Policy

Company: TTMF Limited. Tech supported by Xiangshang Yixin.

Email：uservice@ttm.financial

{"i18n":{"language":"en_US"},"data":{"share":"https://ttm.financial/m/news/2481626618?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-11-06 16:32","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2481626618","market":"hk","top_or_hot":-1,"title":"Market Chatter: Brookfield in Talks to Refinance Loan for Shanghai Towers","media":"MT Newswires Live","content":"<html><body><p> <a href=\"https://laohu8.com/S/BN\">Brookfield</a> Asset Management is negotiating with banks to refinance a $700 million loan that funded its purchase of an office tower in Shanghai five years ago, Bloomberg News reported Wednesday, citing people familiar with the matter.</p><p>The Canada-based asset manager purchased the property from Greenland Hong Kong (HKG:0337) in 2019, and the loan is due before the end of the year, according to the report.</p><p>The new package could reach more than $900 million, the report said.</p><p>Brookfield also snagged 1.96 billion yuan in a 15-year onshore loan from Bank of China (HKG:3988, SHA:601988) with an annual interest rate of 4%, the report said.</p><p>(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.)</p></body></html>","source":"mtnewswires_news","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Market Chatter: Brookfield in Talks to Refinance Loan for Shanghai Towers</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nMarket Chatter: Brookfield in Talks to Refinance Loan for Shanghai Towers\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-11-06 16:32 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.mtnewswires.com/><strong>MT Newswires Live</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Brookfield Asset Management is negotiating with banks to refinance a $700 million loan that funded its purchase of an office tower in Shanghai five years ago, Bloomberg News reported Wednesday, citing...</p>\n\n<a href=\"https://www.mtnewswires.com/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU0293314216.USD","symbol_name":"ALLIANZ GEM EQUITY HIGH DIVIDEND \"A\" (USD) ACC","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2481626618","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2481626618","pubTimestamp":1730881968,"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. Better news, better service, better price.","home_visible":1,"id":"1092851196","head_image":"https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e"},"summary":"Brookfield Asset Management is negotiating with banks to refinance a $700 million loan that funded its purchase of an office tower in Shanghai five years ago, Bloomberg News reported Wednesday, citing people familiar with the matter.The Canada-based asset manager purchased the property from Greenland Hong Kong  in 2019, and the loan is due before the end of the year, according to the report.The new package could reach more than $900 million, the report said.Brookfield also snagged 1.96 billion yuan in a 15-year onshore loan from Bank of China  with an annual interest rate of 4%, the report said.","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"601988":"中国银行","LU0293314216.USD":"ALLIANZ GEM EQUITY HIGH DIVIDEND \"A\" (USD) ACC","BK1231":"综合性银行","LU1522347837.USD":"EASTSPRING INV ASIAN LOW VOLATILITY EQUITY FUND \"A\" (USD) ACC A","SG9999014674.SGD":"Nikko AM All China Equity A SGD","LU0348805143.USD":"ALLIANZ ENHANCED ALL CHINA EQUITY \"A\" (USD) INC","BK0188":"融资融券","SG9999006597.SGD":"United China-India Dynamic Growth SGD","LU1634259391.SGD":"Eastspring Investments - Asian Low Volatility Equity Fund AS SGD","LU0307460666.USD":"EASTSPRING INVESTMENTS CHINA EQUITY \"A\" ACC","BK1240":"房地产开发","BK0278":"货币金融","LU0588546209.SGD":"Eastspring Investments - China Equity Fund AS SGD","LU1634259557.SGD":"Eastspring Investments - Asian Low Volatility Equity Fund AS SGD-H","IE00BQJZWZ67.USD":"FRANKLIN MV ASIA PACIFIC EX JAPAN EQUITY GROWTH AND INCOME \"A\" (USD) INC (M) PLUS","SG9999001093.SGD":"United Greater China Fund A Acc SGD","LU1282651048.USD":"ALLIANZ GEM EQUITY HIGH DIVIDEND \"AMG\" (USD) INC","BK1521":"挪威政府全球养老基金持仓","BK0183":"MSCI概念","00337":"绿地香港","LU0651947912.USD":"BGF EMERGING MARKETS EQUITY INCOME \"A5G\" (USD) INC","BK0012":"证金概念","LU1497733557.USD":"EASTSPRING INV ASIAN LOW VOLATILITY EQUITY FUND \"A\" (USD) INC A","IE00BWDBJ730.SGD":"Legg Mason QS - MV Asia Pacific ex Japan Equity Growth and Income A Mdis SGD-H Plus","LU2097828557.USD":"AZ EQUITY CHINA \"A\" (USD) ACC","IE00B19Z5X02.USD":"Legg Mason QS - MV Asia Pacific ex Japan Equity Growth and Income A Acc USD","LU0651946864.USD":"贝莱德新兴市场股票收益A2","LU1051769294.HKD":"BGF EMERGING MARKETS EQUITY INCOME \"A6\"(HKDHDG) INC","LU2097828631.EUR":"AZ EQUITY CHINA \"A\" (EUR) ACC","LU1051768304.USD":"贝莱德新兴市场股票收益A6","LU1048588211.SGD":"Blackrock Asian Dragon A2 SGD-H","LU2097828714.EUR":"AZ EQUITY CHINA \"BAZ\" (EUR) ACC","03988":"中国银行","LU0072462343.USD":"贝莱德亚洲巨龙基金","LU2097828805.USD":"AZ EQUITY CHINA \"A-AZ\" (USD) ACC","LU1497733631.SGD":"Eastspring Investments - Asian Low Volatility Equity Fund ASDM SGD","03143":"华夏香港银行股","LU1282651121.HKD":"ALLIANZ GEM EQUITY HIGH DIVIDEND \"AMG\" (HKD) INC","LU1497734951.SGD":"Eastspring Investments - Asian Low Volatility Equity Fund ASDM SGD-H","LU1224444064.USD":"ALLIANZ GEM EQUITY HIGH DIVIDEND \"AM\" (USDHDG) INC","LU1515016050.SGD":"Blackrock Emerging Markets Equity Income A6 SGD-H","BK1560":"内银股","BK0015":"沪股通50","LU2097828474.EUR":"AZ EQUITY CHINA \"A\" (EUR) ACC A","BK0028":"国家队"},"translate_title":"市场热议：布鲁克菲尔德正在就上海中心大厦再融资贷款进行谈判","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"601988":0.9,"03988":0.9,"00337":0.9,"03143":0.6},"content_text":"Brookfield Asset Management is negotiating with banks to refinance a $700 million loan that funded its purchase of an office tower in Shanghai five years ago, Bloomberg News reported Wednesday, citing people familiar with the matter.The Canada-based asset manager purchased the property from Greenland Hong Kong (HKG:0337) in 2019, and the loan is due before the end of the year, according to the report.The new package could reach more than $900 million, the report said.Brookfield also snagged 1.96 billion yuan in a 15-year onshore loan from Bank of China (HKG:3988, SHA:601988) with an annual interest rate of 4%, 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.)","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"hasMoreComments":false,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}