Sun Hung Kai builds HK$5bn club loan
Hong Kong-listed Sun Hung Kai Properties has returned to the loan market for a HK$5bn ($645m) club deal. It is testing lender appetite at a time of growing selectiveness around the sector.
The company is in talks with its relationship banks for a five year club loan, according to two bankers close to the situation.
Sun Hung Kai Properties (Financial Services), a wholly-owned subsidiary, is the borrower.“We have always supported Sun Hung Kai as it’s a good ...