Millenia hits market with rare S$325m underwritten facility
Singapore property company Millenia Tower Investments launched a S$325m ($234m) three year loan late on Tuesday, adding to the steady return of underwritten deals in Asia’s syndicated loan market.
BNP Paribas, Maybank, Sumitomo Mitsui Banking Corp and OCBC will underwrite the loan in varying amounts. The deal will refinance an existing S$325m facility due to expire in December.
The margin on the facility is 270bp over Sibor and banks can join on two levels. Lead arrangers can
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