EPF takes RM1.5b loan for London property buy& D$ F' @! P y1 v& f, @" `
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。7 ~# t& J5 l- q7 t! o3 ^/ i/ M
- S* @5 G* [5 Y- l; {公仔箱論壇
( I$ _( p+ X8 q! |$ ]1 N5.39.217.76KUALA 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.
. ?8 p2 C/ z$ x# K
2 Q9 g: w; r/ |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.
! }& R* K3 o( C+ _5.39.217.76. {7 Q3 J; |" S* t1 |, Q7 w5 s3 [/ Q, A0 k
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。' a! [+ }: a; W1 P/ C( ?" T- ?
# j5 x1 D( j0 ~7 v* z# i; `, s
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.
% _% |: Z2 N( c6 D. o9 i' h7 q) D5.39.217.76
z4 {; w9 k% Q; h* `5.39.217.76The 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.
& i/ I% P% h1 O7 pTVBNOW 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。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。) C6 E! Q; y% y0 V
Basis 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
| 
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。+ [: z1 B* l* M6 b+ c: O% N
