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COMMERCIAL PROPERTY | Staff Reporter, Singapore

First Reit acquires $400m in syndicated secured loans from OCBC

OCBC was authorised as the lead arranger and bookrunner for the facilities.

First Reit’s trustee HSBC Institutional Trust Services (Singapore) Limited has signed a mandate and commitment letter to secure $400m loans from OCBC.

OCBC will underwrite First Reit’s facilities subject to the terms and conditions of the said letter.

Facilities include a 3-year Singapore dollar term facility, a 4-year Singapore dollar loan facility, a 5-year Singapore dollar term loan facility, and a 3-year dual currency revolving credit facility, amounting to S$100m each.

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