SINGAPORE (April 24): Real estate developer Yanlord Land Group today signed a landmark US$1.05 billion ($1.5 billion) syndicated 3.5 year credit facility with a consortium of 26 global banks and financial institutions, for refinancing and general corporate purposes.

This was done through the group’s wholly-owned subsidiary Yanlord Land (HK).

In a media release filed to the SGX on Monday, Yanlord says the facility, which was originally US$600 million, was oversubscribed by financial institutions due to “strong support from the international financial community) such that it eventually increased to US$1.05 billion.

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