Bahri secures loan facility to finance 80% of two newly-purchased VLCC
National Shipping Company of Saudi Arabia (Bahri) (4030.SE) signed Sharia-compliant loan facilities ( Murabaha) for USD126mn with Tokyo-Mitsubishi UFG bank, to finance 80% of the investment needed for the two used VLLC that the company had announced previously their purchase in 2015. The loan term is ten years with quarterly interest payments. (Company disclosure)
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