Contact Us
Address: Unit No. 2001, 20/F,
68 Yee Wo Street,
Causeway Bay, Hong Kong
Tel: (852) 2805 6336
Fax: (852) 2577 8686
(Stock Code: 1881.HK)
Finance Strategy

Regal REIT maintains a conservative capital structure which limits the amount of debt financing used. The REIT Code sets a maximum level of borrowings to 45% of the total gross asset value of Regal REIT.

As at 31st December, 2017, the gearing ratio of Regal REIT was 37.8% (2016: 37.3%), being the gross amount of the outstanding debts and loans aggregating HK$9,804.0 million, which takes into account: (a) the debts in relation to the notes issued in March 2013 and May 2013 under the MTN Programme for an aggregate amount of HK$1,947.0 million; (b) the 2016 IH Facilities of HK$5,377.0 million; (c) the 2014 WC Facility of HK$440.0 million; (d) the 2014 SW Facilities of HK$632.0 million; (e) the 2014 FH Facilities of HK$660.0 million; and (f) the 2017 MTW Facility of HK$748.0 million, as compared to the total gross assets of Regal REIT of HK$25,958.3 million. The gearing ratio is below the maximum 45% permitted under the REIT Code.

As at 31st December, 2017, eight of the nine Regal REIT’s properties, namely, Regal Airport Hotel, Regal Hongkong Hotel, Regal Oriental Hotel, Regal Riverside Hotel, iclub Wan Chai Hotel, iclub Sheung Wan Hotel, iclub Fortress Hill Hotel and iclub Ma Tau Wai Hotel, with an aggregate carrying value of HK$20,142.0 million, were pledged to secure bank loan facilities granted to Regal REIT.

Regal REIT (a Hong Kong collective investment scheme authorized under section 104 of the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong))