KUALA LUMPUR: Up to RM1.084 billion in syndicated banking facilities have been secured by Eastern & Oriental Bhd's (E&O) subsidiary, Tanjung Pinang Development Sdn Bhd (TPD) for its Seri Tanjung Pinang Phase 2 (STP2) reclamation project.
According to E&O, TPD has executed a facility agreement with Maybank Islamic Bank Bhd (MIB) and RHB Islaic Bank Bhd (RHBIB) in relation to the syndicated banking facilities.
The syndicated banking facilities will be used to part-finance the reclamation and infrastructure works of the STP2 project in Penang.
The Joint Principal Advisors, Mandated Lead Arranger, Underwriters and Bookrunners for the syndicated banking facilities are Maybank Investment Bank Bhd and RHB Bank Bhd.
With the funding in place for STP2, one of the key aspects to operationalise the project has been successfully addressed," E&O's managing director Datuk Seri Terry Tham said in a statement.
Source: http://www.nst.com.my/news/2015/12/116014/eo-secures-over-rm1b-syndicated-loan-stp2-reclamation-project
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