Another debut as REIT taps Hong Kong dollar market

More Cheung Kong, more property - but banks are looking at this deal in a different light.

Peter McMillan

August 01, 2003

DBS Bank is preparing to launch a ground breaking HK$1.1 billion ($141 million) fundraising for Fortune Reit to sub-underwriters. The borrower is sponsored by Cheung Kong and comprises five shopping malls all located in Hong Kong including Household Centre, Jubilee Court, Ma On Shan Plaza, Metropolis Mall and Smartland.

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