Returning for a better deal

Headline: Returning for a better deal Source: Euromoney Date: September 2000 Author: Gillian Baker A year is a long time in the capital markets and who better to demonstrate it than those consummate Financial politicians in Malaysia. In December 1998 the government borrowed $1.25 billion and ¥11.6 billion from the 12 foreign banks in Malaysia. […]

Headline: Returning for a better deal
Source: Euromoney
Date: September 2000
Author: Gillian Baker

A year is a long time in the capital markets and who better to demonstrate it than those consummate Financial politicians in Malaysia.

In December 1998 the government borrowed $1.25 billion and ¥11.6 billion from the 12 foreign banks in Malaysia. It cost 290 basis points over Libor.

A year later that quasi-bilateral arrangement was formalized into a syndicated loan from 26 banks and repriced at 120bp over Libor for the dollar portion and 107.5bp








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