Cheung Kong seeks 300-400 mln usd syndicated loan: report

HONG KONG (AFX-ASIA) - Cheung Kong (Holdings) is seeking a 3-year 300-400 mln usd syndicated loan of three years as general working capital, the Apple Daily cited market sources as saying. The sources said the loan is expected to carry an interest rate of 40 basis points above LIBOR. The sources said it is expected that about six or seven banks, including UK and Japanese banks, will participate in the syndication.

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