Boost for underwritten loans as Millenia marks a success

09 Dec 2009

Singapore property company Millenia Tower Investments will close a S$325m ($234m) three year loan this week after a successful syndication, adding to confidence in the return of underwritten deals.

Lead banks BNP Paribas, Maybank, Sumitomo Mitsui Banking Corp and OCBC underwrote the facility in varying amounts and have received $100m from around five banks during syndication.

This is the latest underwritten deal to surface in the Asian loan market, and its success is likely to pave the ...

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