Gallant ends at $166m with just four forming syndicate

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Gallant ends at $166m with just four forming syndicate

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Singapore on a map | ibphoto - Fotolia

Gallant Venture has closed syndication of its three year $166m loan, having reduced it from the launch size of $410m after selling two Singapore dollar bonds in April and May. But despite getting commitments from 23 banks in general, the borrower ultimately chose only four lenders to join the deal.

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