Central Waterfront Property Development has closed a HK$7 billion $897 million syndicated term loan that will finance the construction of a massive new tower block on Hong Kong island. The borrower is a consortium made of leading Hong Kong companies. Its shareholders are Sun Hung Kai Properties SHKP which owns 47.5%, Henderson Land development which owns 32.5%, Hong Kong and China Gas which owns 15% and Bank of China Group Investment which owns 5%
The loan will be used for the construction of the International Finance Centre IFC Tower 2. IFC 2 is being built on reclaimed land next to Hong Kong station and...
