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.
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