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.

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Written By: Reuters
Updated: Tue, Jan 17, 2017
02:37 PM IST
Reuters
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