Bloomberg News

Fortune REIT Said to Plan to Sign Loan With About 13 Banks

February 17, 2012

Feb. 15 (Bloomberg) -- Fortune Real Estate Investment Trust plans to sign a HK$1.4 billion loan as early as today after attracting about 10 banks in syndication, according to a person familiar with the matter.

Australia and New Zealand Banking Group Ltd., DBS Bank Ltd. and Standard Chartered Plc were hired to arrange the loan and were joined at the top level by another Australian bank and a local Hong Kong lender, the person said, asking not to be identified as details are private.

To contact the editor responsible for this story: Katrina Nicholas at knicholas2@bloomberg.net


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