Document Date
Meeting Description
Document Type
Meeting Date
Page Number
30
Calculating NMTC Amount
Qualified Equity Investment ("QEI"): S 18,500,000
Credit Rate: 39%
Total Credits: S 7,215,000
Credit Price/$1.00: S 0.85
TOTAL EQUITY INVESTMENT: S 6,132,750
Calculating Loan B Amount (Net NMTC Equity)
Total NMTC Equity Investment: S 6,132,750
Less Fees S (930,000)
LOAN B AMOUNT: S$ 5,202,750
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