According to reports, Sun Hung Kai Properties has obtained a HKD 20 billion five-year bank loan for refinancing
According to Bloomberg, SHK PPT (00016.HK) has secured a HKD 20 billion five-year bank loan for refinancing purposes. The banks providing the loan include Bank of China Hong Kong (02388.HK), DBS Bank, HSBC, and OCBC Bank, with the agreement expected to be signed in April or May. The loan interest rate is set at Hong Kong Interbank Offered Rate plus 60 basis points, making the borrowing cost the lowest in history.
The report indicates that the initial intended loan size was HKD 5 billion, but if demand is strong, it is expected to expand, with the final bank commitment reaching HKD 26 billion
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