MNRB Executes RM320 Mln Credit Facility Agreement

KUALA LUMPUR, March 16 (Bernama) — MNRB Holdings Bhd yesterday executed a RM320 million revolving credit facility agreement with AmBank (M) Bhd to refinance its existing RM320 million borrowings.

In a filing to Bursa Malaysia, MNRB said the borrowings comprised a RM200 million Islamic Commodity Murabaha Financing and RM120 million Sukuk Mudharabah.

“The facility carries a floating interest rate that is reviewed quarterly, is unsecured and has a tenure of 18 months, with the option to extend for another six months…..

(Bernama)

[4798031]

Facebook Comments