MAS may delay unsecured loan cap implementation

The unsecured bank borrowing limit of 12 months’ income for consumers, which was slated to take effect in June, could kick in later. The Monetary Authority of Singapore (MAS) is reviewing the implementation timeline and details will be released early next month, said Minister for Culture, Community and Youth Lawrence Wong. He was responding to…

Genting Singapore’s RWS to borrow $2.27 billion

Genting Singapore’s Resorts World Sentosa plans to raise $2.27 billion of bank loans, Bloomberg reported, citing sources familiar with the deal. The five-year syndicated deal will be split into a S$1.75 billion amortising term loan, a $500 million revolving facility, and a $20 million bank guarantee facility. Bank of Tokyo-Mitsubishi UFJ, DBS Bank, HSBC Bank,…