Lai Sun to draw down HK$1bn, plenty in reserve

Lai Sun Development has told lenders on a recent HK$2.2bn ($238.8m) loan that it is going to draw down part of the facility at the end of the month.

  • 16 Nov 2012
The unrated property developer, which had meetings with bond investors last week, generated blow-out demand for its three year loan in August, but had left the deal undrawn. However, it has now announced that it is ready to put the loan to use and will draw down the ...

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