New World Development (HKG:0017) chose the Bank of China (HKG:3988, SHA:601988), DBS Group's (SGX:D05) DBS Bank, and HSBC (HKG:0005) to arrange a loan that will refinance HK$58.1 billion in bank debt maturing in 2025 and 2026, Bloomberg News reported, citing people familiar with the matter.
The details of the loan could be released to other prospective lenders soon, the report said.
The developer's executives have also met with officials from other banks in Hong Kong to discuss New World's status, the report said.
(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
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