Singapore Builder Oxley Seeks Up to $120 Million Private Loan
- Part of proceeds to be used to repay a Singapore dollar bond
- Loan set to be backed by projects in London and Kuala Lumpur
This article is for subscribers only.
Oxley Holdings Ltd, a cash-strapped property developer in Singapore, is seeking a private credit loan of $100 million to $120 million partly to help repay a Singapore dollar bond due next month, said people familiar with the matter.
Tenor of the loan would be two years, the people added, asking not to be identified as the matter is private. The borrowing is set to be backed by Oxley’s two property projects in Kuala Lumpur and London, the people said. The deal isn’t final and terms may change, the people added.