China Overseas Land loan available in secondary market

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By Pan Yue
04 Aug 2020

A HK$18bn ($2.3bn) term loan sealed by China Overseas Land and Investment in 2017 is doing the rounds in the secondary market, offering asset-starved banks an opportunity to take exposure to the Hong Kong-listed company.

The loan matures in December 2022. It is being sold in the secondary market at an all-in price of 118bp over Hibor, said a banker aware of the situation.

Coli, a real estate company that operates as a subsidiary of China State Construction Engineering Corp, paid an ...

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