Mezz gains popularity amid rising valuations

Hong Kong Fotolia
By Shruti Chaturvedi
08 Feb 2018

Leverage finance bankers are bracing themselves for a rise in mezzanine financing in Asia, buoyed by talk that part of the HK$32bn loan to back a record-breaking Hong Kong property deal will be financed with junior debt.

Hong Kong’s expensive property market hit a new record last year when a company owned by Li Ka-Shing agreed to sell The Center, an office property in Hong Kong’s Central district, for HK$40.2bn ($5.41bn). That was good news for loans bankers, who will be asked to find around HK$32bn ...

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