• Mon
  • Sep 22, 2014
  • Updated: 12:38am

New World seeks $2.3b loan

PUBLISHED : Thursday, 23 July, 1998, 12:00am
UPDATED : Thursday, 23 July, 1998, 12:00am

New World Development is seeking a $2.3 billion syndicated loan facility to finance its Private Sector Participation Scheme property project in Choi Hung. The deal, to be finalised next month will be divided into three tranches: $640 million for land premium, $1.3 billion for construction costs and $360 million for financing costs.


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