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Link Real Signed CNY4bn Syndicated Loan Agreement

05/18/2015 | 06:08am US/Eastern

HONGKONG, May 18, SinoCast -- The Link Real Estate Investment Trust (SEHK: 0823) signed a CNY 4 billion 5-year syndicated loan agreement with 12 major financial institutions.

Raised capital will be used as daily working capital.

Half of the loan is term loan and the rest is revolving loan. The interest rate is 123 points higher than the Hong Kong Interbank Offered Rate.

The lead arrangers include BOC Hong Kong (SEHK: 2388), DBS Bank, Hang Seng Bank (SEHK: 0011), HSBC, Mizuho Bank, Sumitomo Mitsui Banking Corporation, China Construction Bank (Asia), ICBC (Asia), OCBC Bank, etc.

© Sinocast, source Sinocast Beats

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