Hong Kong skyscraper bond financing is stuff of films

What the dramatic $4.1 billion financing of the world’s priciest building, The Center, tells us about investor appetite for prime Hong Kong property and the outlook for strata-titled deals.

Hong Kong skyscraper bond financing is stuff of films

The lobby of Hong Kong skyscraper, The Center, was one of the sets in Hollywood blockbuster The Dark Knight’. The sale of the building and efforts to pull together a $4.1 billion short-term financing package has also been the subject of a corporate drama in recent months. 

Unusually, financiers for the world’s most expensive tower were able to bypass the traditional bank loans and sell very short-term bonds to a handful of institutional...

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