Bloomberg News

China Resources Land Said to Hire DBS for HK$2 Billion Loan

November 18, 2011

Nov. 18 (Bloomberg) -- China Resources Land Ltd. has hired DBS Bank Ltd. to help coordinate a so-called club loan to refinance a HK$2 billion ($257 million) facility that matures in January, said a person familiar with the matter.

The size of the new loan will be slightly less than the original HK$2 billion as the borrower has cash from other sources, said the person, who declined to be identified because the details are private. The tenor of the facility is expected to be three years, the person said.

--Editor: Katrina Nicholas

To contact the reporter on this story: Wendy Mock in Hong Kong at wmock3@bloomberg.net

To contact the editor responsible for this story: Shelley Smith at ssmith118@bloomberg.net


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