CASB se­cures RM610m Is­lamic fa­cil­ity

New Straits Times - - Business -

KUALA LUMPUR: May­bank Is­lamic Bhd, HSBC Amanah Malaysia Bhd and RHB Is­lamic Bhd have suc­cess­fully con­cluded a sev­enyear, RM610 mil­lion Syn­di­cated Com­mod­ity Muraba­hah Term Fi­nanc­ing-i Fa­cil­ity for Columbia Asia Sdn Bhd (CASB).

May­bank Is­lamic was ap­pointed the syariah ad­viser, with May­bank In­vest­ment Bank Bhd be­ing the se­cu­rity agent.

“CASB is com­mit­ted to ex­pand its op­er­a­tions to meet the grow­ing de­mand of health­care needs across Asia,” said its group chief fi­nan­cial of­fi­cer Dilip Kadambi.

The Is­lamic fa­cil­ity will be utilised by CASB to re­fi­nance ex­ist­ing debts and part-fi­nance new de­vel­op­ments in Klang, Batu Kawan and Te­brau, along with re­lated ex­pan­sion works for a hospi­tal in Nusa­jaya. Ber­nama

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