Great Eagle to raise HK$4-5 billion via syndicated loan

Investment property and hotels group Great Eagle Holdings is raising HK$4 billion to HK$5 billion (roughly $513.2 million to $642 million) via a syndicated loan to help finance a HK$8.5 billion redevelopment in Mongkok. The company says the terms of the loan, which is reportedly being handled by Hong Kong's five biggest banks, have not yet been finalized.