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.
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