Singapore To Launch $318M Project Finance Fund

Law360, New York (February 17, 2012, 4:25 PM EST) -- Singapore's state-owned investment fund, Temasek Holdings Pte Ltd., will launch an SG$400 million (US$318 million) project finance fund later this year with loans that will be backed by the city-state's government, officials said Friday.

Along with an expansion of the government's trade finance and political risk guarantee programs, the move is intended to help Singapore — which has no export-import bank and little cross-border commercial lending — carve out a bigger role in Asia's growing infrastructure market.

The project finance company, or PFC, will deploy about...
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