HSBC signs big property financing deal

24/10/2007 -- 4:59 PM

HCM City (VNA) – Hong Kong-Shanghai Banking Corp. (HSBC)’s branch in Viet Nam on October 24 inked a 10-year deal to finance one of the Phu My Hung Company’s largest property projects. The 21 million USD deal is one of HSBC’s largest so far in the country. With this deal, HSBC has become the first foreign bank in Viet Nam to provide commercial property development financing for a 10-year period. The HSBC-financed project includes two office buildings in District 7, one is expected to be finished late this year and the other in August 2009.-Enditem
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