SINGAPORE'S RAFFLES CITY SIGNS 500 MLN DLR NIF
<Raffles City Pte Ltd> said it signed a
10 year note issuance facility (NIF) on Monday to raise 500 mln
Singapore dlrs.
    Proceeds of the issue would enable Raffles City to tap
cheaper funds from the market to refinance its existing
borrowings, a press statement said.
    The NIF is lead managed by two major local banks, the
Development Bank Of Singapore Ltd and the Overseas Chinese
Banking Corp.
 REUTER
