Kerry finalises $4.5b facility

PUBLISHED : Friday, 18 January, 2002, 12:00am
UPDATED : Friday, 18 January, 2002, 12:00am

Kerry Properties has finalised its five-year unsecured syndicated loan facility of HK$4.5 billion. The facility, with an interest margin of 0.4 per cent per annum, has a three-year revolving period, with the outstanding amount to be converted to a term loan at the end of the three years. The proceeds will be used for general working capital and refinancing a syndicated loan signed in May 2000.