Banks consider $4 billion loan on MTR Tung Chung Station II

Banks are considering a approximately $4 billion refinancing for the second phase of the residential development at MTR Tung Chung Station. The original deal was a $6 billion four-year construction loan with an all-in of 125 bp, the terms of the new deal is said to be similar to those of the original one. This $6 billion deal is due to mature this month and is guaranteed by HKR International (0480) and Lippo China Resources (0156), etc.

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