SEHK:1109Real Estate
Do China Resources Land’s (SEHK:1109) Loan Covenants Hint At A Deeper Governance Trade-Off?
China Resources Land Limited previously entered into a facility agreement with a bank for a RMB 2,000,000,000 sustainability-linked term loan with a 36‑month tenor starting from the first drawdown date.
The loan’s default triggers, tied to China Resources (Holdings) and state ownership thresholds, highlight how creditors closely monitor control and governance at the company.
We’ll now look at how this sustainability-linked financing and its ownership covenants shape China Resources Land’s...