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Shimao Property secures US$837.9M, HK$3.99B loan facilities

Shimao Property Holdings Ltd. obtained dual-currency term loan facilities with respective amount of US$837.9 million and HK$3.99 billion to refinance existing debt and for general corporate expenditures.

The Hongkong and Shanghai Banking Corp. Ltd. is the facility agent for the loan, the Hong Kong-based developer said.