EPF takes RM1.5b loan for London property buytvb now,tvbnow,bttvb) S% P h" k6 k4 }; n
, \) Y: z2 F4 e7 @0 v. N0 m TVBNOW 含有熱門話題，最新最快電視，軟體，遊戲，電影，動漫及日常生活及興趣交流等資訊。2 G+ N" V+ ~4 u6 O
0 i( ^) x' N* V' Xtvb now,tvbnow,bttvbKUALA LUMPUR, Dec 16 — The Employee Provident Fund (EPF) has closed a five-year £300 million (RM1.48 billion) loan, its first offshore loan, to fund the acquisition of three London-based properties, Thomson Reuters publication Basis Point reported today. u4 I0 _6 a$ H) A, g7 w$ y
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Citing sources, Basis point said the state pension fund's loan was increased from an initial £240 million. Citigroup was the lead arranger, bookrunner and sole underwriter on the deal.tvb now,tvbnow,bttvb; @6 S p6 y4 p: Y9 `1 W$ b/ w
+ [! ?2 s7 t" ?: Y( A. LTVBNOW 含有熱門話題，最新最快電視，軟體，遊戲，電影，動漫及日常生活及興趣交流等資訊。Bank of Tokyo-Mitsubishi UFJ, OCBC Bank, Scotiabank and Sumitomo Mitsui Banking Corp also joined the deal as equal status arrangers, Basis Point said.TVBNOW 含有熱門話題，最新最快電視，軟體，遊戲，電影，動漫及日常生活及興趣交流等資訊。& Z/ N0 r/ y% k8 @
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EPF unit, KWASA UK solo Ltd, was the borrower on the deal, which will fund the acquisition of three properties in London for £490 million. Basis Point said EPF financed the remainder of the purchase price with cash.TVBNOW 含有熱門話題，最新最快電視，軟體，遊戲，電影，動漫及日常生活及興趣交流等資訊。! U6 }5 P3 b( y5 K
TVBNOW 含有熱門話題，最新最快電視，軟體，遊戲，電影，動漫及日常生活及興趣交流等資訊。/ p* J$ d: ~5 ~& {8 G7 i
The loan was tightly priced at a margin of 123 basis points over sterling Libor with an upfront fee of 110 bps, translating to an all-in of 145b over, Basis Point said, citing one source.tvb now,tvbnow,bttvb- l1 J0 Q6 E2 r0 z1 F" N7 t# @
/ ?" v8 G4 @( g. u7 b/ ctvb now,tvbnow,bttvbBasis Point said EPF has not provided any guarantee for the loan, although there is a put option where EPF has to buy the properties from KWASA at a price that is at least equal to the outstanding amount on the loan should there be defaults. — Reuters |
發表於 2011-12-19 10:22 PM
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