China real estate loans up, bucking wider trend

China Real Estate sector loan volume increased 30% Y-o-Y

• China Overseas Land Investment has signed a HK$18.0 billion facility through joint mandate lead arrangers Agricultural Bank of China, Bank of China, Bank of Communications, Bank of East Asia, China Construction Bank, China Development Bank, DBS Bank, HSBC, Industrial Commercial Bank of China, Nanyang Commercial Bank, OCBC, Sumitomo Mitsui Banking Corp and UOB on a club basis. Proceeds are for general corporate purposes, to repay existing debt and to support the funding of real estate projects.
• This is the largest Real Estate sector deal signed in China so far this...