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Beijing Properties secures 2 loan facilities worth US$290M

Beijing Properties (Holdings) Ltd. formed two term-loan facilities with unidentified banks with respective amounts of US$90.0 million and US$200.0 million.

Repayment of the US$90.0 million facility, which is arranged on a bridging loan basis, is scheduled once the first drawdown from the US$200.0 million facility is made within three months after Dec. 11. Meanwhile, the US$200.0 million facility provided by unnamed banks will have a 36-month term following the first drawdown.