Standard Chartered closes $1.6 billion-plus of shipping finance deals

Standard Chartered closes $1.6 billion-plus of shipping finance deals
A view of a Standard Chartered bank branch in Singapore. Image Source: Reuters

Standard Chartered said on Tuesday it had completed three shipping deals worth more than $1.6 billion in recent months.

The deals include in December a $684.5 million up to 12-year facility for BW Gas JuJu LNG, a joint venture between BW Group and Japan`s Marubeni.

In November, the bank also structured a $350 million Islamic facility for National Shipping Company of Saudi Arabia (Bahri).

The month before it closed a $572 mln loan to subsidiaries of India`s Reliance Group, the bank said in a statement.

Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.

RECOMMENDED STORIES

Written By: Reuters
Updated: Tue, Jan 17, 2017
02:37 PM IST
Reuters
RELATED NEWS
Daruwala to retire from Standard Chartered Daruwala to retire from Standard Chartered

By accepting cookies, you agree to the storing of cookies on your device to enhance site navigation, analyze site usage, and assist in our marketing efforts.

x