Temasek and Khazanah hire banks for S$5b property development loans

Eight lenders will contribute to the five-year bullet facility, according to Bloomberg.

Bloomberg noted that Temasek Holdings and Khazanah Nasional, the state-owned investment companies of Singapore and Malaysia, hired banks to arrange S$5 billion ($3.9 billion) of property development loans.

The five-year bullet facility will be made possible by eight lenders, said Bloomberg’s sources.

According to Bloomberg, the two companies said last June that they will develop $9.8 billion of projects in southern Malaysia and Singapore. 

View the full story here.