A&G News 19 October 2020

Allen & Gledhill advised United Overseas Bank Limited (“UOB”), as transaction counsel, on the S$200 million dual-tranche term loan facilities granted to CapitaLand.

The dual-tranche loan, which references both the Singapore Overnight Rate Average and the Secured Overnight Financing Rate for the calculation of interest, is the first of its kind in Singapore.

The facilities will be used to finance CapitaLand’s general working capital and corporate funding requirements, including the funding or refinancing of investments and acquisitions.

Advising UOB was Allen & Gledhill Partner Aloysius Ng.

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