Poly Property builds HK$5bn four year loan

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By Shruti Chaturvedi
23 Oct 2014

Hong Kong listed Poly Property is close to wrapping up an HK$5bn ($645m) club loan to finance the construction of residential projects in Kai Tak.

The bullet loan has a tenor of four years and is expected to close next week, said a banker. He declined to disclose the number of lenders on the financing or the all-in pricing. The company is raising the money via a special purpose vehicle, as is normal ...

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