31 Aug '13, 8am

How much investment returns is City Harvest Church looking for?

How much investment returns is City Harvest Church looking for?

Freight Link subsidiary Glory Capital will loan 45 mil to Galaxy Capital 6 years 8% interest rate On top of this, City Harvest will pay a front-end fee of $13 mil over 5 years, yearly 2.6 mil installment Loan is secured against Suntec Singapore. In the event of default, Freight Links can in turn own the equity of Suntec Singapore Total Unleveraged return to Freight Links 12.8% Galaxy Capital will use majority to refinance loan which in turn, is loan to City Harvest to finance the acquisition of a portion of Suntec Singapore

Full article: http://thefinance.sg/2013/08/31/how-much-investment-retur...

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