SGX opts for loan to fund Aus takeover

The Singapore Exchange moved closer to a planned $8.3bn takeover of its rival the Australian Securities Exchange this week, securing a $3.7bn dual-currency loan from six banks at razor thin margins.

  • 27 Jan 2011

Some bankers said it was highly unlikely that SGX would have to pay a fee to bankers if the acquisition fell through and it did not use the loan. But despite this, the borrower did not have to pay up to get the deal done.

"A lot of people ...

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