New Land Reportedly Secures 20 Billion 5-Year Syndicated Loan

SighingCashier · 2026-03-25T14:57:40+00:00

Bloomberg cited sources indicating that Sun Hung Kai Properties (00016) obtained a HK$20 billion five-year syndicated loan, which will be used for refinancing.According to the sources, the loan agreement is expected to be signed in April or May, with participating banks including Bank of China Hong Kong (, DBS Bank, HSBC, and United Overseas Bank. The loan interest rate is Hong Kong Interbank Offered Rate (HIBOR) ) plus 60 basis points, the lowest level in several years.

SighingCashier

2026-03-25 14:57:40

Bloomberg citing sources reports that New World Development (00016) has secured a 20 billion yuan, 5-year syndicated loan, which will be used for refinancing.

The sources say that the agreement is expected to be signed in April or May. Participating banks include Bank of China (Hong Kong), DBS Bank, HSBC, and OCBC Bank. The loan interest rate is HIBOR plus 60 basis points, the lowest level in years.

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