Shangri-la Hotel debuts in syndicated loan markets

Despite limited syndication for a small-sized facility, over-subscription came to 40%.
June 28, 2002

Singapore's Shangri-La Hotel made its debut in the syndicated loan markets when it signed a S$70 million ($40 million) loan last week. DBS Bank was the sole mandated arranger for the three-year bullet deal, which was priced at a margin of 52bp over the six-month Singapore dollar swap rate (Sibor).

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