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NWD Fails to Secure USD2B Loan as Planned; Talks Still Ongoing: Report
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NEW WORLD DEV (00017.HK) has failed to meet its self-imposed target to secure a loan of up to HKD15.6 billion (USD2 billion) led by Deutsche Bank AG, foreign media reported, citing sources. Even though the developer completed an important refinancing deal last month, challenges still exists. According to the report, sources revealed that the latest transaction has not been completed as some financiers had little interest in further ramping up their investment in NEW WORLD DEV. Deutsche Bank AG is currently still seeking to attract new lending institutions to join. AAStocks Financial News |
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