Foreign banks chip in for tower firm’s loan

Telecoms tower company Pan Asia Majestic Eagle has completed what it claims is the first cross-border, non-recourse financing arrangement in Myanmar. The US$85 million loan will finance its tower build, with financing provided by DBS, ING, OCBC, Standard Chartered and Sumitomo Mitsui, according to a press release. OCBC and Sumitomo Mitsui both won licences to […]