Lai Sun set to draw down HK$1bn from loan

14 Nov 2012

Lai Sun Development has told lenders on a recent HK$2.2bn ($238.8m) loan that it is going to draw down part of the facility at the end of the month.

The unrated property developer — which had meetings with bond investors last week — generated blow-out demand for its three year loan in August, but has so far left the deal undrawn. But it has now announced that it ready to start putting the loan to use, and ...

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