clau00006Nov 201 min readThe estimated cost of MBS expansion has increased from S$4.6 billion in 2019 to S$10.7 billion.According to Bloomberg, the projected cost of the Marina Bay Sands (MBS) expansion is currently estimated to be US$8 billion (S$10.7 billion), more than twice the initial estimate of roughly US$3.4 billion (S$4.6 billion) made in 2019.According to reports, MBS is looking for a loan of about S$12 billion (US$9 billion) to finance the expansion of the Las Vegas Sands casino resort. This would be the largest financing from Singapore.The loan is being coordinated by DBS Bank, Malayan Banking, OCBC Bank, and UOB, according to people with knowledge of the situation who asked not to be named.The sources also disclosed that although the seven-year tenor facility will be syndicated to other financiers, terms could alter as negotiations proceed.According to the sources, the loan will be utilized to refinance an existing seven-year loan of S$4 billion (US$3 billion) that was taken out in August 2019.Subject to government clearance, the MBS resort's expansion, which involves the construction of a new fourth tower and a 15,000-seat stadium, is expected to be finished in early 2031.In October 2024, this was disclosed in an earnings report.A S$9.3 billion facility inked in 2012 was Singapore's last known syndicated loan record.It aimed to provide funding for Thai billionaire Charoen Sirivadhanabhakdi's TCC Assets to purchase food and beverage manufacturer Fraser & Neave.
According to Bloomberg, the projected cost of the Marina Bay Sands (MBS) expansion is currently estimated to be US$8 billion (S$10.7 billion), more than twice the initial estimate of roughly US$3.4 billion (S$4.6 billion) made in 2019.According to reports, MBS is looking for a loan of about S$12 billion (US$9 billion) to finance the expansion of the Las Vegas Sands casino resort. This would be the largest financing from Singapore.The loan is being coordinated by DBS Bank, Malayan Banking, OCBC Bank, and UOB, according to people with knowledge of the situation who asked not to be named.The sources also disclosed that although the seven-year tenor facility will be syndicated to other financiers, terms could alter as negotiations proceed.According to the sources, the loan will be utilized to refinance an existing seven-year loan of S$4 billion (US$3 billion) that was taken out in August 2019.Subject to government clearance, the MBS resort's expansion, which involves the construction of a new fourth tower and a 15,000-seat stadium, is expected to be finished in early 2031.In October 2024, this was disclosed in an earnings report.A S$9.3 billion facility inked in 2012 was Singapore's last known syndicated loan record.It aimed to provide funding for Thai billionaire Charoen Sirivadhanabhakdi's TCC Assets to purchase food and beverage manufacturer Fraser & Neave.
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