Loan market gathers pace as OUE launches S$500m deal
Singapore real estate developer Overseas Union Enterprise (OUE) launched a S$500m ($359m) loan into syndication last Friday (January 8), becoming the second borrower to tap the Asian loan market in the first week of 2010.
The three year deal is run by China Construction Bank and HSBC and carries a margin of 360bp over Sibor.
Mandated lead arrangers can lend S$75m for an all-in of 390bp; lead managers on a $40m-$74m ticket will receive 383bp; senior managers on a S$20m-S$39m ticket will earn
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