Refinancing Looms for HNA’s Hong Kong Projects

  • First loans for project at former airport come up in November
  • Existing lenders are reluctant to extend or provide new loans

When HNA Group Co., the Chinese conglomerate that’s been buying up companies worldwide, spent $3.5 billion in Hong Kong earlier this year on land for its first luxury real estate development, it had no problems getting bank funding.

But now HNA needs more: to refinance the short-term loans it used for its purchases, which start coming due in November, and then to actually build the towers that will lure high-end buyers and start generating money…

Refinancing Looms for HNA’s Hong Kong Projects

Categories : Finance

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