Yanlord Land Group’s subsidiary grated with $500m loan facility

The facility has a five-year term.

Real estate developer, Yanlord Land Group, declared that its wholly-owned subsidiary, Yanlord Land Co. Limited has been granted a $500m five-year term loan facility.

The facility is arranged and is available to Yanlord HK by CMB Wing Lung Bank Limited. Yanlord HK was designated as borrower, the company as original guarantor, and CMBWL as arranger, facility agent, and original lender.

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The loan facility, available in Hong Kong Dollars, is granted to refinance existing financial indebtedness of Yanlord HK and for general corporate purposes of the group.