Overview

Bank of China provides SGD 60 million term loan to Starhill Global for debt refinancing and general corporate purposes

Commitments (Constant USD, 2023)$41,289,924

Commitment Year•2021Country of Activity•SingaporeDirect Recipient Country of Incorporation•SingaporeSector•Business And Other ServicesFlow Type•Loan

Status

Project lifecycle

Pipeline: Commitment

Pipeline: PledgePipeline: CommitmentImplementationCompletion

Timeline

Key dates

Commitment date: Dec 3, 2021

Last repayment (originally scheduled): Jun 2, 2027

Stakeholders

Organizations involved in projects and activities supported by financial and in-kind transfers from Chinese government and state-owned entities

Ultimate beneficial owners

At least 25% host country ownership

Funding agencies

State-owned Commercial Banks

Bank of China (BOC)

Receiving agencies

Private Sector

Starhill Global REIT

Loan description

Bank of China provides SGD 60 million term loan to Starhill Global for debt refinancing and general corporate purposes

Interest type•UnknownMaturity•5.5 years

Narrative

Full Description

Project narrative

On 3 December, 2021, Bank of China signed an agreement with Starhill Global REIT to provide a SGD 60 million five-and-a-half year unsecured term loan for debt refinancing and general corporate purposes. The loan will be used to refinance in part an existing SGD 115 million term loan facility held by Starhill Global, with is due to mature in 2022. The utilization of the facility is expected to take place in the first quarter of 2022. Other lending details are unknown.