Shimao set for $400m loan after amending bond terms

12 Feb 2010

Shimao Property Holdings has mandated HSBC and Standard Chartered to arrange a $400m loan after investors in its high yield bonds granted it permission last week to increase its debt.

The move comes only days after the Chinese property developer amended the terms of its outstanding high yield bonds to allow it to raise more debt.

News of the loan will end speculation that Shimao had been planning to return to the bond market.

Shimao last came to ...

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