HK's Properties Giant Signs Syndicated Loan Facility

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Monday, June 18, 2001, updated at 21:38(GMT+8)

Business

HK's Properties Giant Signs Syndicated Loan Facility

Hong Kong's Kerry Properties Ltd. signed a five-year unsecured 6 billion HK dollar (769 million US dollars) syndicated loan facility with 25 leading local and international banks here Monday.

The facility will be used for general working capital purpose, including refinancing a four-billion HK dollar (513 million U.S. dollars) syndicate loan due in 2001.

The facility has a three-year revolving period and the outstanding amount will be converted to a term loan at the end of the three-year period.



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	Hong Kong's Kerry Properties Ltd. signed a five-year unsecured 6 billion HK dollar (769 million US dollars) syndicated loan facility with 25 leading local and international banks here Monday.




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