Singapore's Temasek Holdings Pte Ltd. and Malaysia's Khazanah
Nasional Bhd. hired banks to arrange S$5 billion ($3.9 billion) of
property development loans, Bloomberg News reported Thursday on its
website, citing two unnamed sources.
The five-year bullet loan--expected to be signed next year--will
pay a so-called all-in fee of 100 basis points over benchmark
rates, the report quoted one source as saying.
Eight banks will contribute to the loan--DBS Group Holdings Ltd.
(DBSDY), HSBC Holdings Plc (HBC), Oversea-Chinese Banking Corp.
(039.SG), Malayan Banking Bhd (1155.KU), Bank of Tokyo-Mitsubishi
UFJ Ltd., Standard Chartered Plc (SNTDF), Sumitomo Mitsui Banking
Corp. and United Overseas Bank Ltd. (UOVEY)--the report said,
citing one source.
Spokespeople for Temasek and Khazanah declined comment, the
report said.
Full Story:
http://www.bloomberg.com/news/2011-11-16/temasek-khazanah-said-to-seek-s-5-billion-in-property-loans.html