The facility, which carries a tenor of seven years, will be syndicated to other financiers, the people said, adding that the terms haven’t been finalised and may change as negotiations continue.
Marina Bay Sands is seeking a loan of around $12 billion, in what would be the largest financing from Singapore, as the company looks to fund the planned expansion of its casino resort in the city state.
DBS Group Holdings, Malayan Banking, Oversea-Chinese Banking Corporation and United Overseas Bank (SGX:U11
) are coordinating the loan, according to people familiar with the matter who asked not to be identified discussing private information.
