Areif closes S$680m, allocations complete

14 Apr 2013

Bankers working on Areif Singapore’s S$680m ($550m) three year loan have closed syndication and finalised allocations while keeping to a strategy of having limited syndication and targeting only a few lenders.

Australia and New Zealand Bank, Maybank and United Overseas Bank pitched to lenders with a margin of 150bp over the Singapore interbank offered rate, which is flat to the pricing of the company’s previous loan in 2011.

Bank of East Asia and Chinatrust Commercial Bank came in as ...

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