MISC Berhad (MISC) is pleased to announce that the company’s Sustainability-Linked $527 million Senior Secured Term Loan for 6 Very Large Ethane Carriers has been awarded the Sustainability-Linked Deal of the Year for Asia by Marine Money, a leading global maritime finance publication.
The 11-year sustainability-linked non-recourse term loan is MISC’s debut sustainability-linked loan (SLL). Standard Chartered Bank Malaysia acted as the Structuring Bank and worked with other lenders to develop the SLL structure that included environmental and governance key performance indicators that aligned with MISC’s long-term strategy and sustainability goals.
Captain Rajalingam Subramaniam, President & Group CEO of MISC said "Thank you Marine Money for the recognition given to our sustainability-linked deal. This achievement is made possible by the collective effort of our team, together with the trust and support of our lenders. Financial institutions and the shipping industry must continue to work together to foster a purposeful and responsible transition. We hope that this partnership continues as we accelerate our decarbonisation efforts and transition into cleaner solutions in a responsible manner.”
From left : Kheng Sin Chu, Managing Director and Regional Head, Shipping Finance ASEAN and South Asia, Standard Chartered Bank, Captain Rajalingam Subramaniam, President & Group CEO of MISC and Andrew Oates, Business Development Manager, Marine Money Asia Pte Ltd.
Marine Money's acknowledgment underscores MISC's commitment to advancing environmentally responsible practices in the maritime industry through its ongoing investments in cleaner technologies, emissions reduction, and community engagement.
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About MISC Berhad
MISC Group, a member of the PETRONAS Group of Companies, is an international maritime company with more than 55 years of experience. Our extensive global footprint allows us to deliver a wide range of solutions that cater to various areas within the maritime-related energy value chain.
At the heart of MISC Group's success is our modern and diversified fleet of vessels and floating assets, complemented by the expertise of our diverse global workforce at sea and shore. As a future-focused organisation, we are committed to leading from the front, propelling the maritime industry into the future, and achieving society’s aspiration for a just energy transition.
For more information, visit https://www.miscgroup.com
Issued on behalf of MISC Berhad by the Group Corporate Communications (GCC) Division of MISC
Berhad. For media inquiries, please contact:
Shanni Muthiah
Head, Group Corp. Communications
Group Corporate Communications
MISC Berhad
Tel : +603-2275 2224
Email : [email protected]
Maisara Noor Ahmad
Head, External Communications
Group Corporate Communications
MISC Berhad
Tel : +603-2275 3496
Email : [email protected]
