Daily news and Commentary on the Chinese Real Estate sector
Kaisa Group(1638.HK) signed USD120 mn loan facility
May 24, 2012
- Kaisa Group has entered into a facility agreement with PA International Opportunity VI Limited for an exchangeable term loan in the aggregate principal amount of US$120 mn at the interest rate of 13.5% per annum.
- The company intends to apply the funds under the facility agreement to re-finance the Group’s existing debts, to finance the Group’s existing property projects and for general corporate purposes of the Group.