Sasseur Cayman Holding, the sponsor of Sasseur REIT, will be giving a 5-year loan of up to RMB508 million.
The rate is pegged to China's 5-year loan prime rate.
According to Sasseur REIT, this loan is to help repay an offshore loan due next March.
As this loan from the sponsor is denominated in RMB, there will be cost savings for the REIT.
Sasseur REIT closed at 63 cents on June 6, up 1.63%.
