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-Temasek, Khazanah hires banks to arrange property loans.

Global Banking News-November 17, 2011--Temasek, Khazanah hires banks to arrange property loans(C)2011 ENPublishing -

Global Banking News - 17 November 2011

Singapore's Temasek Holdings Pte Limited and Malaysia's Khazanah Nasional Berhad have hired banks to arrange SGD5bn (USD3.9bn) of property development loans, Bloomberg News has reported, citing two unnamed sources.

The five-year bullet loan, which is due to be signed next year, will pay a, so- called, all-in fee of 100 basis points over benchmark rates, the report said.

According to a source, eight banks will contribute to the loan, including DBS Group Holdings Limited (D05.SIN) (OTC: DBSDY), HSBC Holdings Plc (LSE: HSBA) (NYSE: HBC) (HKG: 0005), Oversea-Chinese Banking Corporation (OCBC) (039.SG), Malayan Banking Berhad (1155.KU), Bank of Tokyo-Mitsubishi UFJ Limited (MUFG) (NYSE: MTU) (TYO: 8306) (8306.MU), Standard Chartered Plc (LSE: STAN) (STD.DE) (OTC: SCBFF) (HKG: 2888), Sumitomo Mitsui Banking Corporation (SMFG) (TYO: 8316), and United Overseas Bank Limited (UOB) (SIN: U11) (OTC: UOVEY).

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Publication:Global Banking News (GBN)
Date:Nov 17, 2011
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