HK Reit trio head to loans market for new money, refis

Hong Kong sevens
By John Loh
15 Sep 2016

Three Hong Kong real estate investment trusts are tapping the loan market for funds, with DBS launching two new deals and Hang Seng Bank wrapping up a third transaction, bankers said.

Prosperity Reit this week opened a HK$1.95bn ($251.51m) borrowing into general syndication to raise fresh funds for an acquisition in Hong Kong. The loan will pay a top level all-in of 120bp for a minimum commitment of HK$500m, based on a margin of 90.5bp over Hibor. DBS is ...

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