Geo Energy, Savu drill for Singapore dollars
Singapore-based Geo Energy Resources and Savu Investments have launched their respective Singapore dollar loans into syndication. While the former is making its debut in the loan market, the latter is returning after a six year absence.
Geo Energy is asking for a S$75m ($58.7m) loan, as it eyes up acquisition prospects in Indonesia. The four year loan, which comes with an average life of three years, is led by sole bookrunner Credit Suisse.
Geo Energy has priced the transaction at a generous margin of 500bp
Please take a trial or subscribe to access this content.
Contact our subscriptions team to discuss your access: firstname.lastname@example.org
To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: email@example.com or find out more online here.