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NEW WORLD DEV Proposes New US$2B Loan Secured by Victoria Dockside: Rumor
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NEW WORLD DEV (00017.HK) proposed to banks to use its core asset Victoria Dockside in Tsim Sha Tsui as new subprime collateral for an additional loan of as much as US$2 billion, and is seeking amendments to two refinancing loans of $63.4 billion and $24 billion for more favorable terms, Bloomberg quoted insiders as saying. The refinancing loans are used to refinance debt over the next two years and due in 2027 and beyond, while the existing collateral relates to about 40 of the Group's properties. AAStocks Financial News |
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