Kaisa returns for HK$4bn construction loan

Hong Kong_property_adobe_12May_575
By Pan Yue
07 Sep 2020

Chinese real estate company Kaisa Group Holdings has launched a HK$4.015bn ($518m) loan to support the construction of a residential building in Hong Kong.

China Citic Bank International is the sole mandated lead arranger and bookrunner for the facility, according to a source close to the situation.

The deal has a tenor of 4.5 years with a bullet repayment structure. It offers a margin of 210bp over Hibor.

Lenders can ...

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