Hong Kong Bankers on Edge Over $11 Billion New World Refinancing

Hong Kong bankers have become fixated on an $11 billion loan deal with unusually high stakes for the financial hub.
New World Development Co., an embattled property developer controlled by one of Hong Kong's richest families, is aiming to complete one of city's largest-ever corporate refinancing deals with more than 50 banks by the end of June after pushing back an initial deadline for this month. As of last week, about 10 banks have agreed to terms while the rest are still talking.

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