New World China breaks five-year loan hiatus

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By Pan Yue
14 Jan 2020

New World China Land, the mainland China property business arm of Hong Kong’s New World Development Co, has returned to the offshore loan market after five years for a HK$5bn ($643m) borrowing.

Four mandated lead arrangers and bookrunners are leading the deal. They are Bank of China (Hong Kong), China Construction Bank, CMB Wing Lung Bank and DBS, said bankers close to the situation.

The deal is split into three tranches: facility ‘A’ and ‘B’ are HK$2.1bn term loans, ...

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