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SZMC Intends to Lend CHINA VANKE (02202.HK) RMB4.2B
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CHINA VANKE (02202.HK) announced that its largest shareholder, Shenzhen Metro Group (SZMC), intends to provide the company with a loan not exceeding RMB4.2 billion. This loan is to be used for repaying the principal and interest of bonds issued by CHINA VANKE in the open market. The loan term is 36 months, and the interest rate will be benchmarked to the one-year LPR with a floating point of minus 76 bps, which is currently at 2.34%. AAStocks Financial News |
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