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Asian Coast close to getting $780 mil. loan for casino
A rendering of Ho Tram resort.
Asian Coast Development Ltd. is close to securing a US$780 million syndicated loan for its proposed casino resort in Vietnam, Chairman Michael Aymong said.
The loan will finance the first phase of the $4.2 billion project, he said. The Vancouver-based developer had earlier considered an initial share sale as one of its funding options and may use that as an “exit strategy,” he said.
”You will see in the next two weeks who our lenders are,” Aymong said in a phone interview Thursday. “It’s more expensive to borrow money now but if you have an exciting and interesting project, you can negotiate some of the terms and conditions.”
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