Temasek, Khazanah Said to Seek S$5 Billion in Property Loans
This article is for subscribers only.
Temasek Holdings Pte and Khazanah Nasional Bhd., the state-owned investment companies of Singapore and Malaysia, hired banks to arrange S$5 billion ($3.9 billion) of property development loans, according to two people familiar with the matter.
At least nine lenders will contribute to the five-year bullet facility, which will pay a so-called all-in fee of 100 basis points over benchmark rates, one of the people said yesterday, asking not to be identified as details are private.