Brunei Ministry of Finance mandates first syndicated loan

A $250 million loan represents the first ever offering from the sultanate in the international financial markets.

The Sultanate of Brunei is to tap the international markets for the first time with a syndicated loan offering on behalf of the Ministry of Finance. As had been widely anticipated, the deal will be lead managed by ABN AMRO, BNP Paribas and HSBC.

BNP Paribas will also act as facility agent on the $250 million deal, due to price at some point within the next week.

The tenor of the transaction is for five years - using a bullet structure - with the option to extend for another five years. Similarly, if the deal is oversubscribed, the issuer may decide to borrow more than the initial $250 million.

The loan is the...

FinanceAsia has updated its subscription model.

Registered readers now have the opportunity to read 5 articles from our award-winning website for free.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences.

To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222

Article limit is reached.

Hello! You have used up all of your free articles on FinanceAsia.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences. To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222