EPF takes RM1.5b loan for London property buy 0 e- Z p1 J$ k# U+ c& I7 O5.39.217.76 1 `% f, H8 n& _& utvb now,tvbnow,bttvb+ [. J4 J3 i/ v( ~" ]) D
3 ^% ^5 N9 B6 h- i3 I9 K! 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。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. 8 r; i; E# w+ q% g) `& O( t7 xtvb now,tvbnow,bttvb 8 D3 c7 u, H, c0 jTVBNOW 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.公仔箱論壇) j" S: @) [- I3 Z
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Bank of Tokyo-Mitsubishi UFJ, OCBC Bank, Scotiabank and Sumitomo Mitsui Banking Corp also joined the deal as equal status arrangers, Basis Point said.公仔箱論壇( c# \# m. _( m. @& ~# G
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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. + |0 q. v/ }6 S, z3 x C4 s: \tvb now,tvbnow,bttvb2 {0 G5 a2 O+ o1 K3 m5 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. ) l* q4 s: R7 z6 |+ H公仔箱論壇/ H0 a, N1 ^& K) o! B' U( u! K
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作者: chuan888 時間: 2011-12-20 09:15 PM
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