CHINESE HOTEL RAISES 21 MLN DLR LOAN
A tourist hotel in Suzhou, Jiangsu
province, is raising a 21 mln U.S. Dlr loan to cover its
construction cost, lead manager <DnC Ltd> said.
    The loan for the Suzhou Aster Hotel will mature in 10 years
and is guaranteed by the provincial investment arm <Jiangsu
International Trust and Investment Corp>. The terms were not
revealed. The loan, to be signed by the end of the month, will
be provided by a number of banks on a club basis.
    The hotel is being developed on a contractual joint venture
basis between an unnamed Hong Kong Chinese investor and Suzhou
municipal entities.
 REUTER
