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Article: Singapore : AI REIT units obtain S$74m in term loan facilities from DBS Bank.
- Article from:
- TendersInfo
- Article date:
- November 11, 2009
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Byline: babalu03
Singapore-listed Ascendas India Trust said that two of its subsidiaries have obtained term loan facilities amounting to around S$74 million from DBS Bank.
The facilities will mature in December 2015 and carry an interest rate of 10 per cent a year. They will be used to fund the construction of a retail mall development in Bangalore and a multi-tenanted building development in Chennai.
The property trust said that up to this point, the ongoing construction of these two projects has been financed by its existing debt and cash.
In addition, Ascendas India trust also issued two series of three-year senior unsecured fixed ...