Four months ago, when a consortium of 10 wealthy investors settled on a financing deal by selling two tranches of 18-month bonds to raise the funds to close the HK$40.2 billion (US$5.2 billion) purchase of the world’s most expensive office tower, they felt they were sitting pretty.
They believed the innovative funding method they chose, bypassing Hong Kong’s commercial bank lending restrictions, would give them enough time to refinance, or resell some floors of the 73-storey office…
Source : South China Morning Post
Read more…Souring sentiment snares buyers of world’s costliest office tower
