QIA said to be seeking US$2b loan to finance Singapore purchase

Dubai

QATAR Investment Authority (QIA) has approached banks for a loan of as much as US$2 billion to finance its acquisition of BlackRock Inc's Asia Square Tower 1, according to three people with knowledge of the matter.

The sovereign wealth fund has held preliminary talks with banks to borrow between US$1.5 billion and US$2 billion, the people said, asking not to be identified because the information is private.