EPF takes RM1.5b loan for London property buy $ J2 K7 G; Y$ N' L1 ~$ N1 c0 j5.39.217.76$ U, \/ j1 _4 ^) g- o9 o! v8 W2 `; g $ i& U. o9 d6 ^; W) H. N7 V# I! W( S , s. Q: Y R# d$ KKUALA 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.公仔箱論壇7 W2 v$ l1 j+ w6 Q2 I
; D; p+ f( O* B t, L+ Ctvb now,tvbnow,bttvbCiting 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. 9 h: @& r9 S5 \+ s+ r9 f公仔箱論壇公仔箱論壇& e$ S/ u6 S* B; s0 P* R1 k3 {
Bank of Tokyo-Mitsubishi UFJ, OCBC Bank, Scotiabank and Sumitomo Mitsui Banking Corp also joined the deal as equal status arrangers, Basis Point said.tvb now,tvbnow,bttvb- g; z; k; @5 H5 U9 T: T
& j* o: z3 g) w N0 u5.39.217.76EPF 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.公仔箱論壇* m% R/ W) A9 D0 _8 ?5 X
* P. w, s- t( `2 h0 Y/ vTVBNOW 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。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. / z7 d9 H3 a& f& G* J公仔箱論壇( n( z6 Z7 A& N3 ? P; v2 J
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
