SINGAPORE, Nov 19 — Marina Bay Sands (MBS) is pursuing a landmark S$12 billion (RM40 billion) loan to finance the expansion of its integrated resort in Singapore, sources told Bloomberg today.
If completed, this would mark the largest syndicated loan in the country’s history, surpassing the $9.3 billion facility secured in 2012 for the acquisition of Fraser & Neave by TCC Assets.
Coordinated by DBS Bank, Malayan Banking, OCBC Bank, and UOB, the seven-year loan will be syndicated to additional financiers.
It is understood proceeds will refinance MBS’ existing S$4 billion loan from 2019 and fund the ambitious expansion, which now carries a projected cost of S$8 billion — more than double the initial estimate of S$3.4 billion in…
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