Murabahah financing for Atlantic Navigation

Singapore: Atlantic Navigation has obtained a four-year commodity Murabahah financing facility of up to $15m from Maybank Singapore.

About half of the proceeds from the facility had been applied towards the early repayment of an existing loan as part of the group’s initiative to lower its cost of funding. The balance will be utilised to support the group’s working capital and capital expenditure requirements.  [09/06/14]

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