Fortune Real Estate Investment Trust signed its HK$4.567bn ($589m) multi-tranche loan on October 7, but is still waiting for two more banks to join the transaction before funding the deal.
DBS and Standard Chartered are the bookrunners and have fully underwritten the amount. Although signed, the loan is yet to be funded and will not be done so until the last two lenders come onboard, said a banker. He was unwilling to disclose how many lenders have joined
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