Senoko Power loan closed despite sluggish syndication

24 Mar 2009

One Japanese lender joined the S$2.9bn ($1.97bn) bridge loan for Singapore’s Senoko Power last week, providing a welcome surprise for the bookrunners after five months of syndication.

Sumitomo Trust took a S$100m ticket on the loan, which supports the takeover of Singapore’s biggest power generating company by a Japanese-led consortium, before syndication closed last week.

The surprise ticket from the Japanese lender is a positive result for the bookrunners, who have been struggling to syndicate ...

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