Triumph for Fortune-Reit

Chueng Kong''s Fortune-Reit launches Hong Kong''s first public CMBS deal.
July 21, 2005

Li Kai-Shing's Fortune Real Estate Trust (Fortune-Reit) has launched Hong Kong's first public CMBS deal with a triple tranche HK$2.285 billion ($293 million) CMBS via HSBC and DBS. The deal represents the first rated CMBS deal backed by a loan to come out of Hong Kong in four years and signals the return of the CMBS market back to Hong Kong.

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