EPF takes RM1.5b loan for London property buy& m$ w5 u5 ^+ y3 d2 [. ]7 U
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4 h1 }. Q3 R( P; i% A5 p6 XTVBNOW 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。3 `. g- ] X) l4 G) n$ V: i; W
KUALA 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.
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& m% m6 `: ?1 @; y) C2 @, Y+ X3 V公仔箱論壇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.6 z8 K9 }* w, E; d
$ Z! l4 G- c! c: M8 XBank of Tokyo-Mitsubishi UFJ, OCBC Bank, Scotiabank and Sumitomo Mitsui Banking Corp also joined the deal as equal status arrangers, Basis Point said.
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3 ^& P) I0 l# qEPF 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.tvb now,tvbnow,bttvb ?3 {4 [$ J# K! \; v6 X$ _( I
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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,bttvb6 v( r& W' E* ~
5 F" Q+ S1 Y2 o" ]tvb 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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