(25 Aug, 2014 - Hong Kong) Shenzhen Investment Limited ("SZI" or the "Group", SEHK stock code: 604.HK) is pleased to announce that we entered into a term loan facility agreement with certain banks in HK, which amounts to US$756 million (equivalent to approximately HK$5.9billion).
The facilities are consisted of a transferable term loan facility of up to a principal amount of
US$435million and a transferable term loan facility of up to a principal amount of HK$2.51billion.
Benefiting from our SOE background and long-established credibility record, we receive favorable support from banks in spite of the present credit tightening environment. The term loan facilities are at 5-years maturity with all-in cost of about 4%.
By signing of the facility agreement, we successfully refinanced the existing banking facilities that will be due in late 2014. The rest of the new facilities will be used for general corporate funding requirements of the Company and its subsidiaries.
We will continue to improve cash flow management and reduce financing cost so as to provide solid financial resources for business development.
- End - For enquiry, please contact:
Shenzhen Investment LimitedNicole Zhou
Tel: (852) 2312 8746
Email: zhouq@shumyip.com.hk
Financial PR (HK) Ltd.Dawn Lee
Tel: (852) 2610 0846
Fax: (852)2610 0842
Email: dawnlee@financialpr.hk
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