HSBC Institutional Trust Services (Singapore) Limited’s S$148.92 Million Term and Revolving Commodity Murabahah Facilities

Allen & Gledhill advised the financiers.

CIMB Bank Berhad, Singapore Branch, Malayan Banking Berhad, Singapore Branch and United Overseas Bank Limited acted as financiers on the S$148.92 million term and revolving commodity murabahah facilities to HSBC Institutional Trust Services (Singapore) Limited, in its capacity as trustee of Sabana Shari’ah Compliant Industrial Real Estate Investment Trust.

Singapore-based Sabana Shari’ah Compliant Industrial Real Estate Investment Trust invests in real estate used for industrial purposes, as well as real estate-related assets. 

The Allen & Gledhill team was led by Partner Aloysius Ng (Picture). 

Involved fees earner: Aloysius Ng – Allen & Gledhill LLP;

Law Firms: Allen & Gledhill LLP;

Clients: CIMB Bank Berhad; Malayan Banking Berhad (Maybank); United Overseas Bank Limited Co.;

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Sonia Carcano

Author: Sonia Carcano