(Bloomberg) - Malaysia's state-owned Employee Provident Fund borrowed 300 million in a five-year loan, deduction of that will be used to buy properties in London, according to a person informed with a matter.
The fund primarily targeted 240 million and increasing a amount after receiving a strong response from banks, a person said, asking not to be identified as sum have been private. Banks cruise Employee Provident Fund to be a quasi-sovereign borrower, a person said.
The loan, that is Employee Provident Fund's initial offshore facility, was organised by Citigroup Inc., a person said.
Read More @ Source The loan, that is Employee Provident Fund's initial offshore facility, was organised by Citigroup Inc., a person said.
Gua x suka umno [HEMPAP 2011]
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