SINGAPORE: Calyon and Natixis are among seven banks that agreed to lend S$1 billion (RM2.45 billion) to YTL Power International Bhd for its acquisition of PowerSeraya Ltd.
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Maybank Investment Bank, Oversea-Chinese Banking Corp, Bank of Tokyo-Mitsubishi UFJ Ltd, National Australia Bank Ltd and Sumitomo Mitsui Banking Corp also contributed to the three- year loan, which was arranged by DBS Group Holdings Ltd.
YTL is "pleased with the syndication", managing director Tan Sri Francis Yeoh said in an e-mailed response to queries from Bloomberg. DBS agreed to provide YTL with a S$2.25 billion (RM5.51 billion) credit line in December after the Malaysian utility bought Singapore power generator PowerSeraya from state-run Temasek Holdings Ltd for about S$3.8 billion (RM9.31 billion)
YTL is "pleased with the syndication", managing director Tan Sri Francis Yeoh said in an e-mailed response to queries from Bloomberg. DBS agreed to provide YTL with a S$2.25 billion (RM5.51 billion) credit line in December after the Malaysian utility bought Singapore power generator PowerSeraya from state-run Temasek Holdings Ltd for about S$3.8 billion (RM9.31 billion)
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