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Shell Refining gets RM450m facility from StanChart |
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Business & Market 2010
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Written by The Edge Financial Daily
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Monday, 31 May 2010 23:17 |
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KUALA LUMPUR: Shell Refining Company (Federation of Malaya) Bhd (SRC) has recently secured a RM450 million five-year term facility from Standard Chartered Bank Malaysia Bhd (SCBMB) as part of refinancing plans for its oil refinery in Port Dickson.
In a statement on May 31, SRC said the financial agreement with SCBMB, which enabled it to take advantage of current competitive rates, replaced an existing syndicated term loan facility of US$140 million (RM456.4 million) that SRC arranged on May 12, 2005.
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Last Updated on Monday, 31 May 2010 23:19