MGP Berth Pte Ltd.’s loan to refinance a facility used to build Asia Square Tower 1, an office building in Singapore’s expanded central business district, has attracted at least three banks in syndication, according to a person familiar with the matter.
Marketing to other lenders is expected to close early next month, after which the loan will be signed, the person said today, asking not to be identified as details are private.
Marketing to other lenders is expected to close early next month, after which the loan will be signed, the person said today, asking not to be identified as details are private.
The $1.94 billion facility will mature in four years and DBS Group Holdings, Oversea-Chinese Banking Corp., Malayan Banking, Standard Chartered Plc and United Overseas Bank are leading the transaction, another person familiar with the matter said last month.
MGP Berth is a unit of Macquarie Global Property Advisors.
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