has secured a syndicated loan of US$330mil with a consortium of Japanese financial institutions, led by Tokyo Star Bank, Ltd and co-led by Okinawa Development Finance Corp and Bank of The Ryukus.
Several major financial institutions like Bangkok Bank Japan, The Ogaki Kyoritsu Bank and The Aichi Bank, amongst other regional banks, were involved in the syndication.Bhd founder and advisor Tan Sri Datuk Seri Vincent Tan Chee Yioun said the syndicated loan secured is a testament to the syndicated lenders’ confidence in the Four Seasons Okinawa project and also BLand’s ability to bring it to fruition.
“Given the considerable effort and investment that will go into the design and construction of the Four Seasons Okinawa and future property projects in the master plan development, I am very confident that this mixed development project in Onna Village will have substantial commercial potential and will add significant value to the economic development and growth of Okinawa,” he said in a statement.