Market Chatter: New World Gets 10 Banks to Help with Refinancing of HK$87.5 Billion in Loans

MT Newswires Live

May 22

New World Development (HKG:0017) obtained commitments from 10 banks to help the developer refinance HK$87.5 billion of loans, Bloomberg News reported Thursday, citing people familiar with the matter.

Among the banks that have completed internal approvals for the refinancing include Bank of China (HKG:3988, SHA:601988), HSBC (HKG:0005) and Standard Chartered (HKG:2888), Bank of East Asia (HKG:0023), Fubon Bank (Hong Kong), Hang Seng Bank (HKG:0011), and France's Credit Industriel et Commercial, Bloomberg said.

Total commitments topped HK$20 billion, the report said, citing the sources.

More banks are also expected to finalize their commitments for NWD's refinancing, Bloomberg reported.

Many bankers are optimistic that the deal will materialize even if the refinancing will take time due to the large number of participants, the report said.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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This information is believed to be from reliable sources but may include rumor and speculation. 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This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU0149721374.USD","symbol_name":"HSBC GIF HONG KONG EQUITY \"AD\" INC","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2537948292","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2537948292","pubTimestamp":1747912176,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. 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This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"}}}