1.55 billion secured in ship refinancing …

Qatar Shipping, a wholly owned subsidiary of Milaha (previously known as Qatar Navigation), has secured a 12-year $425 million (equivalent to QR 1.55 billion) fixed-term ship financing facility with a consortium of the following banks:

The Bank of Tokyo-Mitsubishi UFJ Ltd, Mizuho Bank Ltd, Sumitomo Mitsui Banking Corporation Europe Ltd, Sumitomo Mitsui Trust Bank Ltd, Mitsubishi UFJ Trust and Banking Corporation, Shinsei Bank Ltd, Development Bank of Japan Inc. and Standard Chartered Bank.

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