Link Reit lenders relieved as mystery buyer steps in

03 Aug 2006

Link Real Estate Investment Trust has scaled down its plans for a syndicated loan and is understood to have cancelled a potential US dollar bond issue after a mystery investor persuaded the issuer to change its plans.

The HK$5.6bn five year loan for the Hong Kong listed property vehicle has been cut to HK$5bn after a tough time in syndication, while a US dollar bond issue that could have been worth as much as $400m has been scrapped. Arrangers on the deal said that the ...

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