Wharf refuses to comment on rumors about HK$4 bln loan

Executive director of Wharf Holdings(0004) refused to comment if the company intended to raise HK$4 bln loan from banks. He said that it was not a special thing and no comment was needed according to the convention of the company.A loan totaling HK$3 bln of the company was reported to be expired till May. And a report from Salomon Smith Barney indicated that Wharf planed to raise HK$4 bln bank loan.Fast Land Investments, a wholly-owned company of Wharf, issued HK$500 mln 3-yr notes with 5.75% rate.

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