Plenty of interest, but SGD loan prospects dim
Singapore dollar loans are back in the limelight, with a debut from Geo Energy Resources joining a club from SingTel and a syndication from Savu Investments in the market. Geo Energy’s deal is small, at just S$75m ($58.7m), but it has attracted attention as the company is seeking local currency despite having most of its operations in Indonesia, writes Rashmi Kumar. However, bankers do not think that is the start of a trend.
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