The authority managing Hong Kong’s West Kowloon arts hub has averted a funding crisis after obtaining a longer-than-usual 10-year loan facility of HK$3 billion, which comes in addition to a US$1 billion (US$383.8 million) bond sale programme announced earlier.
The financing would provide a much-needed lifeline to the West Kowloon Cultural District Authority in the coming decade before its residential property development could start to generate income, board chairman Bernard Chan said on...
Analysis & Context
The authority managing Hong Kong’s West Kowloon arts hub has averted a funding crisis after obtaining a longer-than-usual 10-year loan facility of HK$3 billion, which comes in addition to a US$1 billion (US$383.8 million) bond sale programme announced earlier.
The financing would provide a much-needed lifeline to the West Kowloon Cultural District Authority in the coming decade before its residential property development could start to generate income, board chairman Bernard Chan said on... This article provides comprehensive coverage and analysis of current events.
The authority managing Hong Kong’s West Kowloon arts hub has averted a funding crisis after obtaining a longer-than-usual 10-year loan facility of HK$3 billion, which comes in addition to a US$1 billion (US$383.8 million) bond sale programme announced earlier.
The financing would provide a much-needed lifeline to the West Kowloon Cultural District Authority in the coming decade before its residential property development could start to generate income, board chairman Bernard Chan said on...
