EPF takes RM1.5b loan for London property buy3 \/ q& x# O2 `0 v* D: W. @
. J! S4 \: Y' c1 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。 8 j0 a9 X) u' J. D M
& P7 i& O/ j O, o B- HKUALA 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.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 r. `# F) P" ?; ]! g6 e
! p& l2 k/ e: W. g. s3 H+ }. gTVBNOW 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。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., W6 C4 m5 r* W- `$ _3 Y# k" r
/ |; A I+ ~- R% z6 ]9 ]公仔箱論壇Bank of Tokyo-Mitsubishi UFJ, OCBC Bank, Scotiabank and Sumitomo Mitsui Banking Corp also joined the deal as equal status arrangers, Basis Point said.
9 `$ k7 ~& Y U; _6 Q! G5.39.217.76
7 d8 x' b- T9 N7 Y3 D! c" kEPF 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。9 f# Z- ^# N/ k7 T, k2 a
5 p0 A& q v! b9 E! y& G$ M- k) x3 Q公仔箱論壇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.
3 O- g# I: Y. f6 o$ J% i/ a! \5.39.217.76TVBNOW 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。0 M9 S5 b( O# r: |$ C- B
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 |