Chinese real estate developer Sino-Ocean Land Holdings Ltd is marketing a $500-million, three-year loan to banks, according to two people familiar with the matter.
Proceeds will be used for refinancing and general working capital, they said.
Agricultural Bank of China Ltd, Bank of China Ltd, HSBC Holdings Plc and Hang Seng Bank Ltd are arranging the facility, the people said, asking not to be identified because the details are private.
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