Singapore's Parkway in $622 mln loan for new hospital

Thu Jul 31, 2008 6:24am EDT
 
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SINGAPORE, July 31 (Reuters) - Singapore healthcare firm Parkway Holdings (PARM.SI) said on Thursday that it has obtained an S$850 million ($622 million) syndicated loan to build a new hospital in the city-state.

The 13-bank syndicated transferable secured financing facilities was arranged by Calyon, DBS Bank (DBSM.SI), HSBC (HSBA.L), OCBC (OCBC.SI), Royal Bank of Scotland (RBS.L) and Standard Chartered (STAN.L), Parkway said in a statement.

Parkway did not provide details about the loan's maturity and interest rates.

(Reporting by Daryl Loo; Editing by Kevin Lim)

 
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