MBFC

AcronymDefinition
MBFCMarina Bay Financial Centre (Singapore)
MBFCMississippi Business Finance Corporation (Jackson, MI)
MBFCMinnesota Business Finance Corporation (est. 1983)
MBFCMedial Brachial Fascial Compartment
MBFCMatthew Bates Firenze Collection (visual art)
MBFCMonitor Based Flow Control (electrical engineering)
References in periodicals archive ?
34 million square feet of net lettable area, MBFC Tower 3 is about 94% occupied by diversified international tenants, including anchor tenant DBS Bank, as well as WongPartnership, RioTinto, McGraw-Hill, Booking.
MBFC is the parent company of MegaBank, a $230 million financial institution with nine metropolitan Denver locations.
The bonds issued by the MBFC are 10-year bonds with a maturity date of March 1, 2010 and bear a fixed-rate interest coupon of 8.
The Manager intends to fund the acquisition of the two-year-old MBFC Tower 3 with (i) part payment by way of issuing Keppel REIT Units to Keppel Land, (ii) net proceeds from the placement of 195,000,000 new Units, (iii) part of the sales proceeds from the divestment of the 16-year old Prudential Tower, and (iv) additional borrowings.
The agreed value for MBFC Tower 3 is negotiated on a willing-buyer willing-seller basis and is supported by the independent valuations by Cushman & Wakefield VHS Pte Ltd ("Cushman") and Savills Valuation and Professional Services (S) Pte Ltd ("Savills").
Strategically located in the heart of Marina Bay, the new downtown core of Singapore's Central Business District, the 46-storey MBFC Tower 3 has a total net lettable area ("NLA") of 1,341,980 sq ft, of which the office component is approximately 1.
The proceeds of the Bonds were loaned to the Company pursuant to a loan agreement between the Company and the MBFC.
DBS recently moved to MBFC Tower 3 and is now its anchor tenant.
If DBS gets to exercise the Put Option, the group will end up owning a one-third equity stake in CBDPL and hence in MBFC Tower 3.
DBS CEO Piyush Gupta, said : "The decision to acquire a stake in our new headquarters in MBFC Tower 3 enables us to better manage our occupancy costs in the long-term.
50 per share of MBFC Aggregate transaction value Approximately $137 million Form of consideration 100% common stock Implied exchange ratio 1.
MountainBank Financial Corporation's stock currently trades on the Nasdaq Bulletin Board system under the symbol MBFC.