The Serbian government has proposed a new bill to parliament, in a bid to borrow more money from commercial banks. A new loan would amount to USD 400mn.
Posts Tagged ‘loan’
Genting Singapore seeks $4.2b in refinancing
December 9th, 2010 |
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Genting Singapore’s (GENS.SI) Resorts World at Sentosa casino is seeking to borrow around $4.2 billion to pay off an existing loan, Reuters basis point reported on Thursday.
The refinancing comprises a $3.5 billion seven-year amortising term loan and a revolving credit facility.
Frasers Centrepoint signs $264m loan to refinance debt
December 3rd, 2010 |
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Frasers Centrepoint Trust signed a $264 million, five-year loan that it will use to refinance debt, according to data compiled by Bloomberg. The term loan pays interest of 95 basis points more than the Singapore swap offer rate, the data show.
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One Raffles Quay signs $900m term loan to refinance debt
December 2nd, 2010 |
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One Raffles Quay signed a $900 million, five-year term loan to refinance debt, according to data compiled by Bloomberg. The facility pays 1.65% interest, the data show.
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One Raffles Quay signs $900m loan to repay debt
December 2nd, 2010 |
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One Raffles Quay signed a $900 million, five-year term loan to refinance debt, according to data compiled by Bloomberg.
The facility pays interest of 1.65 percentage point more than the Singapore swap offer rate, the data show.
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China Fishery signs $550.8m club loan agreement
November 18th, 2010 |
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China Fishery Group signed a US$425 million ($550 million) four-year club loan agreement, including a $340 million term loan and an US$85 million revolving loan, the Hong Kong-based company said in a statement today.
The club of banks includes Citic Bank International, Cooperative Centrale Raiffeisen-Boerenleenbank B.A., DBS Bank (Hong Kong), The Hongkong and Shanghai Banking Corporation and Standard Chartered Bank (Hong Kong), China Fishery said.
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DBS says Singapore housing loan applications declined since Aug
November 4th, 2010 |
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DBS Group Holdings, Southeast Asia’s biggest bank, has recorded a decline of between 20% and 25% in the number of applications for housing loans since August, Chief Executive Officer Piyush Gupta told reporters in Singapore today.
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DBS profit beats analysts’ estimates on loan growth: Update
November 4th, 2010 |
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DBS Group Holdings, Southeast Asia’s biggest bank, reported third-quarter profit that beat analysts’ estimates as loan growth outweighed narrowing interest margins.
Net income climbed 28% to a record $722 million in the three months ended Sept. 30, from $563 million a year earlier, the Singapore-based company said in a statement today. That beat the $655.3 million average of nine estimates compiled by Bloomberg.
DBS profit beats analysts’ estimates on loan growth
November 4th, 2010 |
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DBS Group Holdings, Southeast Asia’s biggest bank, reported third-quarter profit that beat analysts’ estimates as loan growth outweighed narrowing interest margins.
Net income climbed 28% to a record $722 million in the three months ended Sept. 30, from $563 million a year earlier, the Singapore-based company said in a statement today. That beat the $655.3 million average of nine estimates compiled by Bloomberg.
Oversea-Chinese Bank profit rises as loan income, fees advance
November 1st, 2010 |
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Oversea-Chinese Banking Corp., the lender that owns Singapore’s biggest life insurer, said third- quarter profit rose 27% on increased loan income and a jump in fees.
Net income climbed to $570 million in the three months to Sept. 30 from $450 million a year earlier, the Singapore-based company said in a statement today. That beat the $551.8 million average estimate of eight analysts surveyed by Bloomberg.
UOB 3Q net profit likely +19.7% on-year, says poll
October 28th, 2010 |
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United Overseas Bank (U11.SG) 3Q net profit likely +19.7% on-year at $598.5 million as asset quality continues to improve, also helped by trading income according to median forecast in Dow Jones poll of 6 analysts.
Of key interest for investors will be signs UOB’s lagging loan growth starting to catch up with peers. “Guidance sought will center on prospects for loan growth to show better and broader momentum, especially given amply…capitalized balance sheet with core equity ratio at 13%,” says Nomura. Results due at mid-market break Friday.
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Stemcor raises $149.4m for expansion with first Asian loan
October 28th, 2010 |
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Stemcor Holdings Ltd.’s Singapore- based unit agreed to borrow US$115 million ($149.4 million) in its first Asian syndicated facility.
Proceeds from the one-year revolving loan will be used for general corporate purposes and to help the London-based company expand in the region, Stemcor said in an e-mailed statement.
Pegatron signs $584.5m five-year loan with banks led by DBS
October 27th, 2010 |
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Pegatron Corp. signed a US$450 million ($584.5 million) revolving loan due in 2015 with banks led by DBS Group Holdings, according to data compiled by Bloomberg.
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Wilmar syndicates US$1.1b term loan facility and A$600m revolving credit facility
October 8th, 2010 |
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Wilmar International says it is syndicating a US$1.1 billion ($1.4 billion) syndicated term loan facility to finance the acquisition of Sucrogen and an A$600 million ($769 million) syndicated revolving credit facility to finance the general corporate and working capital requirements of Sucrogen.
Australia and New Zealand Banking Group and The Hongkong and Shanghai Banking Corporation have been appointed the mandated lead arrangers and bookrunners for the facilities.
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Noble rises on US$1.5b loan facility
October 8th, 2010 |
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Shares of Singapore-listed commodity firm Noble Group <NOBG.SI> rose 2.5% to $2.03 on Friday after launching a US$1.5 billion ($2 billion) revolving loan facility.
Over 23.4 million shares had changed hands by 10:37 a.m.
"This is good news because the company managed to secure quite a large sum of financing, part of which could be used for its expansion plans," said a local dealer.
Equation Corp grants loan to Centillion Environment unit
October 7th, 2010 |
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Equation Corp says it has granted a $675,000 temporary bridging loan to unit Centillion Environment & Recycling. The loan comes with 7% p.a. interest rate.
Centillion has previously announced that it is considering the disposal of its wholly-owned China subsidiary, Centillion Environment & Recycling (Wuxi) Co. However, the plan takes some time to materialise. In the meantime, Centillion requires certain funds for general working capital.
Suntec REIT secures $700 million term loan facility
October 4th, 2010 |
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ARA Trust Management (Suntec), as manager of Suntec REIT, is pleased to announce that HSBC Institutional Trust Services (Singapore) Limited, as trustee of Suntec REIT, has today successfully entered into a facility agreement for a $700 million term loan facility.
The loan facility comprises a $350 million 3-year loan and a $350 million 5-year loan, at a blended all-in interest margin of 1.5% from a panel of nine banks. The loan facility will be secured by Suntec City Mall. The facility agreement was signed with local banks DBS Bank, United Overseas Bank, and 7 foreign banks namely Bank of China Limited Singapore Branch, CIMB Bank Berhad Singapore Branch, Citibank N.A. Singapore Branch, Commonwealth Bank of Australia Singapore Branch, Natixis Singapore Branch, The Bank of Nova Scotia Asia Limited and Standard Chartered Bank.
The loan facility will be used to prepay the $575 million 3-year loan maturing in FY 2012, and to refinance part of the $400 million club loan maturing in FY 2011. With this, the weighted average term to expiry of Suntec REIT’s debt portfolio has been extended from 1.8 years to 3 years.
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Sunmoon Food enters into $24m convertible loan and optional $60m convertible loan facility deal
September 30th, 2010 |
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Sunmoon Food Company has entered into a memorandum of understanding with Chic Foods Asia Pacific Co.
Under the deal, Chic Foods has agreed to invest in the company by way of a $24 million convertible loan and an additional optional $60 million convertible loan facility.
Both parties have also signed exclusive sourcing and service agreements.
Sunmoon Food says it will use the proceeds from the $24 million convertible loan extended by Chic to settle the outstanding principal of another convertible loan agreement signed on 21 March 2007 which amounts to $24.443 million, together with $6.433 million premium accruing.
Overseas Union Enterprise gets $750m syndicated loan
September 27th, 2010 |
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Overseas Union Enterprise said it entered into an agreement with Standard Chartered Plc for a syndicated loan of $750 million.
Standard Chartered has an option to convert as much as $300 million into fixed-rate bonds, Overseas Union said in a statement to the Singapore exchange today.
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Grace Ocean borrows US$250m from Mitsui in shipping loan
September 22nd, 2010 |
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Grace Ocean, a Singapore-based shipping company, borrowed US$250 million ($332 million) in a term facility due 2023, according to data compiled by Bloomberg.
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