Savu develops S$420m loan

Singapore property developer Savu Investments has launched a S$420m ($328.3m) loan into syndication, returning to the loan market six years after its previous fundraising, as it seeks to refinance a bond.

  • By Rashmi Kumar
  • 27 Jan 2014

Savu, owned by NTUC Income, has picked Australia and New Zealand Bank, HSBC and Standard Chartered as the bookrunners and underwriters of the senior secured loan, according to a banker.

The leads funded the amount on January 17, pricing the loan at 80bp over the Singapore swap ...

Please take a trial or subscribe to access this content.

Contact our subscriptions team to discuss your access: subs@globalcapital.com

Corporate access

To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: subs@globalcapital.com or find out more online here.

GlobalCapital European securitization league table

Rank Lead Manager/Arranger Total Volume $m No. of Deals Share % by Volume
1 BNP Paribas 10,542 20 18.00
2 Bank of America Merrill Lynch (BAML) 6,103 21 10.42
3 Citi 5,130 13 8.76
4 JP Morgan 4,681 6 7.99
5 Lloyds Bank 3,389 13 5.79

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 70,706.73 201 11.50%
2 Bank of America Merrill Lynch 60,472.76 166 9.84%
3 JPMorgan 48,700.30 139 7.92%
4 Wells Fargo Securities 48,082.68 138 7.82%
5 Credit Suisse 38,376.65 95 6.24%