DBS draws one more lender to S$2.25bn PowerSeraya facility

20 Apr 2009

One more bank has joined the S$2.25bn ($1.5bn) three year loan for Singapore’s PowerSeraya, in a further boost to efforts by sole underwriter DBS to sell down the debt.

Calyon has become the latest lender to commit to the facility, which backs the takeover of PowerSeraya by Malaysian utilities company YTL Power, and bankers expect more to follow.

“A few banks are still processing the credit and it is looking pretty positive,” said one loans banker close to ...

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