Lai Sun Development (HKG:0488) is negotiating with banks to help refinance a five-year, HK$3.6 billion loan maturing in October, The Standard reported Wednesday, citing people familiar with the matter.
The developer has suggested all-in pricing between 150 and 160 basis points over the Hong Kong interbank offered rate or HIBOR, the report said.
Lai Sun put up for collateral an office tower in Kowloon district, Hong Kong, according to The Standard.
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