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.
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 acquisition of MBFC Tower 3 and the divestment of Prudential Tower will enhance and transform Keppel REIT's portfolio in terms of age and quality of assets, as well as improve the portfolio property fundamentals to ensure long-term sustainable income to Unitholders.
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.
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.
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.
We managed several changes in our corporate structure over the last year in order to expand our business to accommodate this type of acquisition," said Tom Kowalski, Chairman and CEO of MBFC.
is now listed on The Nasdaq Stock Market(TM) under the symbol MBFC.
Chicago, Illinois, acting as the managing underwriter, and will be listed on the NASDAQ National Market under the symbol MBFC.