KUALA LUMPUR (March 19): Boustead Naval Shipyard Sdn Bhd (BNS) has obtained facilities of up to RM2.06 billion, which is part of the overall syndicated facilities of up to RM5.56 billion.
The facilities would be used for by BNS, a subsidiary of BOUSTEAD HOLDINGS BHD [], which was awarded a contract by the Malaysian navy for the CONSTRUCTION [] of six second-generation patrol vehicles with combatant capabilities.
Boustead Holdings Bhd said on Monday that the RM2.06 billion facilities obtained by BNS, a subsidiary of the group, was under phase one.
"The tenure of phase one facilities ranges from four years to eight years eight months. In this respect, the facilities amount under Phase 1 facilities will be reduced in accordance with the tenure. Payments from the government on completion basis will be utilised to settle the phase one facilities," it said.
Phase two of the facilities of up to RM3.505 billion which formed part of the remaining syndicated facilities were still on-going.
The joint mandated lead arrangers for phase one were Affin Investment Bank Bhd, Maybank Investment Bank Bhd and AmInvestment Bank Bhd.
The co-arrangers were Affin Bank Bhd, MALAYAN BANKING BHD [] and Maybank Islamic Bhd.
The co-managers were Bank Pembangunan Malaysia Bhd, Bank Muamalat Malaysia Bhd and Bank Kerjasama Rakyat Malaysia Bhd.
The lenders were Affin Bank Bhd, Malayan Banking Bhd, Bank Pembangunan Malaysia Bhd, Affin Investment Bank Bhd, Bank Kerjasama Rakyat Malaysia Bhd, Maybank Islamic Bhd and Bank Muamalat Malaysia Bhd.
The facilities would be used for by BNS, a subsidiary of BOUSTEAD HOLDINGS BHD [], which was awarded a contract by the Malaysian navy for the CONSTRUCTION [] of six second-generation patrol vehicles with combatant capabilities.
Boustead Holdings Bhd said on Monday that the RM2.06 billion facilities obtained by BNS, a subsidiary of the group, was under phase one.
"The tenure of phase one facilities ranges from four years to eight years eight months. In this respect, the facilities amount under Phase 1 facilities will be reduced in accordance with the tenure. Payments from the government on completion basis will be utilised to settle the phase one facilities," it said.
Phase two of the facilities of up to RM3.505 billion which formed part of the remaining syndicated facilities were still on-going.
The joint mandated lead arrangers for phase one were Affin Investment Bank Bhd, Maybank Investment Bank Bhd and AmInvestment Bank Bhd.
The co-arrangers were Affin Bank Bhd, MALAYAN BANKING BHD [] and Maybank Islamic Bhd.
The co-managers were Bank Pembangunan Malaysia Bhd, Bank Muamalat Malaysia Bhd and Bank Kerjasama Rakyat Malaysia Bhd.
The lenders were Affin Bank Bhd, Malayan Banking Bhd, Bank Pembangunan Malaysia Bhd, Affin Investment Bank Bhd, Bank Kerjasama Rakyat Malaysia Bhd, Maybank Islamic Bhd and Bank Muamalat Malaysia Bhd.
