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87% of NEW WORLD DEV's $87.5B Refinancing Loan Reportedly Obtains Written Commitment from Banks
Recommend 7 Positive 13 Negative 12 |
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NEW WORLD DEV (00017.HK) has made new progress in its $87.5 billion refinancing loan program, and has obtained written commitments from more than 50 banks covering 87% or about $76.1 billion of the financing amount, foreign media quoted insiders as saying. NEW WORLD DEV is stepping up its efforts to finalize the deal with more than 50 banks by the end of the month, when a covenant waiver on its existing loan instruments expires, according to the report. NEW WORLD DEV did not immediately respond to a request for comment. AAStocks Financial News Website: www.aastocks.com |
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