New World gets lender approval for $11 billion refinancing, Bloomberg News reports

(Reuters) -Distressed Hong Kong builder New World Development has secured written commitments from all banks for a HK$87.5 billion ($11.15 billion) loan refinancing, Bloomberg News reported on Thursday, citing people familiar with the matter.

($1 = 7.8498 Hong Kong dollars)

(Reporting by Abu Sultan in Bengaluru; Editing by Leroy Leo)

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