HONG KONG, Jan. 20, 2015 /PRNewswire/ -- CIFI Holdings (Group) Co. Ltd. ("CIFI", or the "Group", HKEX Code: 00884.hk), one of the "Top 100 Real Estate Developers in China", is pleased to announce the signing of a 3-year US dollar/HK dollar dual currency club loan with an initial size of approximately US$120 million and a greenshoe option of an additional US$100 million.
Priced at an interest rate of LIBOR or HIBOR plus 4.75% per annum, the club loan has a final maturity of 36 months after the first utilisation date.
This club loan reflects a vote of confidence in CIFI's business strategies and future development from the banking community. Mandated lead arrangers of the club loan are Standard Chartered Bank, HSBC, Hang Seng Bank and Bank of Shanghai.
About CIFI Holdings (Group) Co. Ltd.
CIFI is headquartered in Shanghai and is amongst China's Top 30 Real Estate Developers. CIFI principally focus on developing high quality and end-users driven properties in first- and second-tier cities in China. CIFI's development projects cover various properties types including residential, office and commercial complexes. To learn more about the Company, please visit CIFI's website at: http://www.cifi.com.cn
