Hong Kong-listed property developer Sino-Ocean Land Holdings Ltd has recently obtained a three-year, multicurrency term loan facility of about $600 million from a syndicate of 10 banks. Paul Hastings acted for the company, while Baker & McKenzie represented the lenders.

The syndicate was led by the Bank of China (Hong Kong), the Agricultural Bank of China’s Hong Kong branch, HSBC and Hang Seng Bank as bookrunners. The facility in U.S. dollar, HK dollar and RMB tranches will be used to refinance an existing term loan facility and to finance its general working requirements, including real estate development projects in China.

Partner Vivian Lam headed the Paul Hastings team on the transaction. ALB

Liu Zhen is North Asia senior journalist at ALB. Follow her on Twitter: @ALB_Magazine.

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