Millenia hits market with rare S$325m underwritten facility

Singapore property company Millenia Tower Investments launched a S$325m ($234m) three year loan late on Tuesday, adding to the steady return of underwritten deals in Asia’s syndicated loan market.

  • 19 Nov 2009

BNP Paribas, Maybank, Sumitomo Mitsui Banking Corp and OCBC will underwrite the loan in varying amounts. The deal will refinance an existing S$325m facility due to expire in December.

The margin on the facility is 270bp over Sibor and banks can join on two levels. Lead arrangers can ...

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