Syndicated loans roar in Singapore

Syndicated loan in Singapore up 11.7% YoY

• Avery Strategic Investments has signed a S$400 million facility through joint bookrunners and mandated lead arrangers Deutsche Bank AG, Bank of China. Syndication saw Hong Leong Finance joined as mandated lead arrangers while State Bank of India, Arab Bank, First Commercial Bank, Shanghai Commercial Savings Bank, RHB Bank and Taishin International Bank came in as arrangers. Proceeds are to refinance existing debt and for general corporate purposes.

• Real estate sector loans amount to $7.7 billion in Singapore so far this year, slightly decrease from $7.9 billion in 2017 YTD.
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