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.
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 emailed response to queries from Bloomberg. — Bloomberg
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