Norton Rose Fulbright advises on S$800 million syndicated facility for South East Asia’s leading ride-hailing company Grab Inc.

Global Business June 21, 2018

Global law firm Norton Rose Fulbright has advised The Hongkong and Shanghai Banking Corporation (HSBC) and the lenders on an English law governed S$500 million senior secured term loan syndicated facility for Southeast Asia’s leading ride-hailing company Grab Inc.

The financing is scalable with a potential upsize to S$800 million. The deal was oversubscribed, with a total of 16 bank and non-bank financial institutions participating.

HSBC was structuring advisor, mandated lead arranger, and bookrunner on the deal.

The Norton Rose Fulbright team of the deal consisted of head of Singapore Yu-En Ong, Singapore Partner Colin Rice, Of Counsel Janelene Chen and associate Zhenning Kong.

Yu-En commented:

“This is a landmark transaction for the ride-hailing industry using structured finance options and solutions for a non-conventional business. The overwhelming response from financial institutions on the deal demonstrates a continuing appetite not just for Grab, but also the technology, e-payments and on-demand transport sectors.”

For further information please contact:

Jessica Seah, Marketing and Communications Manager, Asia. Norton Rose Fulbright 
Tel: +852 3405 2327

Notes for editors:

Norton Rose Fulbright

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