Triumph for Fortune-Reit

Chueng Kong''s Fortune-Reit launches Hong Kong''s first public CMBS deal.

Li Kai-Shing's Fortune Real Estate Trust Fortune-Reit has launched Hong Kong's first public CMBS deal with a triple tranche HK$2.285 billion $293 million CMBS via HSBC and DBS. The deal represents the first rated CMBS deal backed by a loan to come out of Hong Kong in four years and signals the return of the CMBS market back to Hong Kong.

The deal, issued via special purpose vehicle Triumph Assets - a limited liability...

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