Malaysian state investor Khazanah has secured a $1.85 billion three-year loan to partly finance its takeover of Parkway Holdings (PARM.SI), Basis Point said, quoting banking sources.

The eight lenders providing the club loan are ANZ, BNP Paribas, CIMB Bank, DBS Bank, HSBC, Maybank, OCBC Bank and UOB.

The signing was done earlier this week.

The Parkway acquisition is expected to cost Khazanah around $3.5 billion.

The Malaysian state investor had separately sold $1.5 billion in sukuk in Singapore's largest Islamic bond issues earlier this week.