Standard Chartered leads MISC’s ESG financing

MISC said it is committed to achieving net-zero greenhouse gas emissions by 2050 and aims to contribute to a carbon-neutral economy by transitioning to low-carbon, and eventually zero-carbon, emissions transport solutions.

PETALING JAYA: MISC Bhd’s Singapore-based subsidiaries have entered into a US$527mil (RM2.3bil) syndicated loan facility to finance six very large ethane carriers (VLECs) with Standard Chartered playing a lead role as structuring bank, sustainability coordinator and hedge coordinator.

The South Korea Development Bank, Sumitomo Mitsui Banking Corp Labuan Branch, DBS Bank Ltd, Export-Import Bank of Malaysia Bhd, MUFG Bank Ltd, Singapore branch, as well as an undisclosed lender were mandated lead arrangers.