Market Chatter: New World Approaches More Banks for Up to HK$15.6 Billion Loan

MT Newswires Live

Jun 02, 2025

New World (HKG:0017) is asking more banks to join in issuing a loan of up to HK$15.6 billion as the company tries to look for sources of cash, Bloomberg News reported Friday, citing people familiar with the matter.

The developer will offer key property Victoria Dockside as collateral for the loan, the report said.

The base size of the loan is HK$4 billion, Bloomberg said, citing the sources.

Some existing lenders to New World have decided not to take part in the loan as they are already involved in the company's HK$87.5 billion refinancing, the report said, citing the sources.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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