You are here

China Merchants enters into agreement for short-term revolving loan facility

nabmCHINA22515.jpg
CHINA Merchants Holdings (Pacific) has entered into a facility agreement with DBS Bank for a one-year, uncommitted multi-currency short-term revolving loan facility for US$50 million.

CHINA Merchants Holdings (Pacific) has entered into a facility agreement with DBS Bank for a one-year, uncommitted multi-currency short-term revolving loan facility for US$50 million.

The company will use all amounts borrowed under the facility as bridging loans for toll road acquisitions, to refinance its existing loans, for general corporate purposes or working capital requirements, it said.

sentifi.com

Market voices on:

grab

Receive $80 Grab vouchers valid for use on all Grab services except GrabHitch and GrabShuttle when you subscribe to BT All-Digital at only $0.99*/month.

Find out more at btsub.sg/promo

Powered by GET.comGetCom