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Marina Bay Sands (MBS) has secured a groundbreaking $12 billion loan to support the ambitious expansion of its integrated resort in Singapore. This deal marks the largest financing of its kind in the city-state’s history, underscoring the confidence of financial institutions in the project’s potential. The loan will enable MBS to enhance its world-renowned facilities, further cementing Singapore’s status as a premier global tourism and entertainment hub.
Leading financial institutions, including DBS Group Holdings, Malayan Banking, OCBC Bank, and UOB, played a pivotal role in coordinating the credit facility. The financing attracted participation from 22 additional lenders, reflecting strong market interest. Despite this significant milestone, MBS has remained tight-lipped about the deal, with a company representative stating that there is “no information to provide at this time.” Meanwhile, parent company Las Vegas Sands has yet to respond to inquiries regarding the transaction.
The funds will be allocated towards refinancing existing obligations and expanding the resort, with total project costs now estimated to reach US$8 billion (S$10.8 billion)—a sharp increase from the initial US$3.4 billion projection in 2019. This expansion aligns with Singapore’s booming tourism sector, which has experienced a remarkable resurgence since the pandemic. In 2024 alone, international visitor arrivals surged by 21 percent, reaching 16.5 million, with significant contributions from China, Indonesia, and India.
This historic loan surpasses Singapore’s previous record, a $9.3 billion syndicated loan secured in 2012 to fund the acquisition of Fraser & Neave by Thai billionaire Charoen Sirivadhanabhakdi’s TCC Assets. With the tourism industry on an upward trajectory, MBS’ expansion is set to reinforce its position as a key player in Singapore’s hospitality and entertainment landscape.
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(Source: Business Today | Bloomberg)
