CK Property slims jumbo loan amount to HK$40b

Elsewhere, embattled commodities trader Noble Group bags its first commitment from ING.

CK Property slims jumbo loan amount to HK$40b

Li Ka-shing-controlled Cheung Kong Property has scaled back its jumbo loan from HK$55 billion $7.1billion to HK$40 billion $5.2 billion, according to two sources familiar with the matter.

Speculation is that Bank of America Merrill Lynch and HSBC have been assigned the outstanding amount in deference to their role as co-underwriters of an earlier bridge loan, according to one of the sources.

Cheung Kong Property is taking the HK...

FinanceAsia has updated its subscription model. Registered readers now have the opportunity to read five articles from our award-winning website for free. Please subscribe for unlimited access.

Click for more on: ck property | loans | li ka-shing | hong kong

Print Edition

FinanceAsia Print Edition