HK's Properties Giant Signs Syndicated Loan FacilityHong 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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