Lai Sun Development bags HK$3.6bn green loan

Hotel Check In
By Pan Yue
18 Sep 2019

Lai Sun Development, a Hong Kong-listed property developer and investor, has sealed a hugely popular HK$3.6bn ($460m) four year green loan to finance the Hong Kong Ocean Park Marriott Hotel.

The deal was oversubscribed, receiving total commitments of HK$12.2bn, according to a company announcement on Tuesday.

Eighteen banks joined the facility. BNP Paribas and China Construction Bank were the green finance structuring advisers, while Industrial and Commercial Bank of China was the mandated co-ordinator and facility agent.

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