<div class=newsTextDataWrapInner><p>This article first appeared in <em>The Edge Financial Daily,</em> on June 28, 2016.</p></div>

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<div class=newsTextDataWrapInner><p>KUALA LUMPUR: Malayan Banking Bhd (Maybank) has jointly led a consortium of lenders to provide the first syndicated syariah-compliant construction financing in New York, the US, totalling US$219 million (RM895.71 million) for the development of a luxury residential tower in Manhattan.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>The financing comprises a US$174 million senior construction loan and a US$45 million mezzanine loan.</p></div>

<div class=newsTextDataWrapInner><p>The financing is for the construction of the Tribeca condominium tower, a 43-storey building to be developed by Soho Properties and located in 45 Park Place, Manhattan. Construction of the 665ft-tall glass and steel tower will commence in mid-2016 and is scheduled for completion in 2018.</p></div>

<div class=newsTextDataWrapInner><p>In a statement yesterday, Maybank said it was appointed joint lead arranger, together with Warba Bank of Kuwait for the syndication, which includes lenders Intesa Sanpaolo of Italy and an affiliate of MSD Partners, LP of the US.</p></div>


This article first appeared in The Edge Financial Daily, on June 28, 2016.

 

KUALA LUMPUR: Malayan Banking Bhd (Maybank) has jointly led a consortium of lenders to provide the first syndicated syariah-compliant construction financing in New York, the US, totallin...

Maybank joint arranger for US$219m financing of Manhattan tower

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<p>Singapore's Keppel said on Thursday its first-quarter net profit excluding the effects of legacy offshore and marine assets was higher, boosted by strong performance in the global asset manager's infrastructure and connectivity segments.</p>


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<p>RHB Retail Research said Naim Holdings Bhd is likely to resume its uptrend after the recent consolidation above the 97.5 sen breakout level.</p>


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<p>Venice becomes the first city in the world on Thursday to introduce a payment system for tourists in an effort to thin the crowds that throng the canals during the peak holiday season.</p>


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<p>Mark Zuckerberg is asking for investors to stay patient. Again.</p>

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<p>KUALA LUMPUR (April 25): Agricore CS Holdings Bhd, a food ingredients supplier, has obtained approval from Bursa Malaysia Securities Bhd to list on its ACE Market.</p>
