Bukit Bintang City Centre Development raising RM770mil loan


  • Property
  • Thursday, 22 Mar 2018

PETALING JAYA: Bukit Bintang City Centre Development Sdn Bhd, a project to develop the site of the former Pudu prison, is raising a RM770mil (US$196mil) debut loan, sources said.

CIMB Bank and Maybank are the mandated lead arrangers (MLAs), bookrunners and underwriters of the loan, which is split into two five-year tranches of RM150mil and RM450mil, a RM120mil six-year portion and a RM50mil bank guarantee facility.

Limited time offer:
Just RM5 per month.

Monthly Plan

RM13.90/month
RM5/month

Billed as RM5/month for the 1st 6 months then RM13.90 thereafters.

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
   

Next In Business News

Investors take profit amid regional weakness
Malaysia's CPI rises 1.8% in March
DNB announces new board members comprising representatives from all five MNOs
Axiata, Sinar Mas move closer to US$3.5bil telco merger
Agricore gets Bursa nod to list on ACE Market
South Korea Q1 GDP growth smashes estimates, but outlook's uncertain
Ringgit soft as US$ remains elevated
Product innovation drives sales of local plastic packaging
Bursa's rally continues ahead of economic releases
Trading ideas: MyEG, Axis REIT, Mah Sing, Capital A, Hibiscus, Chin Hin, Carlsberg, I-Bhd

Others Also Read