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 Berhad (MISC or the Group) is a global leader in delivering energy-related maritime solutions and services with more than 50 years of experience in the maritime industry. Our principal businesses comprise energy shipping and its related activities, owning and operating offshore floating solutions, marine repair and conversion, integrated marine services, port management and maritime services as well as maritime education and training.
The Group’s modern and diverse fleet consists of more than 100 owned and in-chartered vessels comprising of Liquefied Natural Gas (LNG) and Ethane carriers, Petroleum and Product vessels, Floating Production Systems (FPS) as well as LNG Floating Storage Units (FSU) with a combined deadweight tonnage (dwt) capacity of more than 13 million tonnes.
We are a proud constituent of the DJSI Emerging Markets Index and FTSE4Good Bursa Malaysia Index, a testament to our sustainability performance and strong Environmental, Social and Governance (ESG) practices. MISC Berhad is listed on the Main Board of Bursa Malaysia.
For more information, visit www.misc.com.my
Issued on behalf of MISC Berhad by the Group Corporate Communications (GCC) Division of MISC
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