EPF takes RM1.5b loan for London property buytvb now,tvbnow,bttvb" M! _3 v$ B( H. o* q
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8 E& L6 ^3 t" d- B. d- X2 K8 FKUALA 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。/ j. }9 U3 x3 {, V* s d$ H
+ f4 f% c* l) H( d/ H, C/ _tvb 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.
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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./ c0 F* J; t; i i' s+ G7 E7 F
9 }+ T7 I4 W: W$ P% a* ^公仔箱論壇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.- j. z- m& b. d& x. _* t3 I+ \
0 ^4 ^! l0 z* L. g# D1 Atvb now,tvbnow,bttvbThe 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.
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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 |
發表於 2011-12-19 10:22 PM
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