Grant of S$840 million syndicated secured green project facilities to Transcend Residential (Toa Payoh) Pte. Ltd.
Allen & Gledhill, as transaction counsel, advised DBS Bank Ltd. (“DBS”), Oversea-Chinese Banking Corporation Limited (“OCBC”), CIMB Bank Berhad, Singapore Branch (“CIMB”), Industrial and Commercial Bank of China Limited, Singapore Branch (“ICBC”), and Bank of China Limited, Singapore Branch (“BOC”), on the grant of S$840 million syndicated secured green project facilities (“Facilities”) to Transcend Residential (Toa Payoh) Pte. Ltd..
The Facilities were granted for the purposes of, inter alia, financing up to S$710 million of the purchase price of the land and related acquisition costs, financing up to S$30 million of the land betterment charge payable in respect of the residential development to be constructed at the land (“Project”), and financing up to S$100 million of the construction and other development costs in relation to the Project.
Advising DBS, OCBC, CIMB, ICBC and BOC were Allen & Gledhill Partners Jafe Ng, Daselin Ang, and Lyn Wee.