BOC takes rare lead on S$ fundraising

Car_hire
By John Loh
28 Nov 2018

Bank of China’s Singapore arm is marketing a loan for Ethoz Group, in what appears to be the first time the lender will lead an onshore syndicated financing in Singapore dollars.

Ethoz, which has automotive leasing and financing businesses in Singapore, China and Malaysia, is looking for S$90m ($65m) through a three year senior unsecured amortising facility, according to a banker who received the invitation. The loan is for refinancing, working capital and general corporate purposes.

Sole mandated lead ...

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