MNRB gets six-month extension to repay RM320m credit line
23 Sep 2018 / 21:42 H.
PETALING JAYA: MNRB Holdings Bhd, which recently raised RM400 million through a rights issue, has secured a six-month extension to repay a RM320 million revolving credit facility to AmBank (M) Bhd.
Repayment of the credit line, obtained in 2017 to refinance a RM200 million commodity murabaha financing and a RM120 million sukuk murabahah, was to have been made by Sept 22, 2018.
The facility carries a floating interest rate that is reviewed quarterly, and is unsecured.