CapitaCommercial turns to loan market to refinance CMBS

10 Feb 2009

CapitaCommercial Trust (CCT), Singapore’s oldest real estate investment trust (Reit), launched a rare fully underwritten deal in the Asian syndicated loan market this week as it looks to refinance mortgage-backed debt.

Bank of Tokyo-Mitsubishi UFJ, DBS Bank, Standard Chartered and United Overseas Bank launched the fully underwritten three year loan worth up to S$580m on Friday.

It is the first underwritten loan to hit the Asia Pacific syndicated loan market in 2009, and the lead banks will be hoping for ...

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