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FINWIRES

Chailease Unit Seeks Up to MYR1 Billion Syndicated Loan

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Chailease (TPE:5871) unit Chailease Berjaya Credit agreed to apply for a syndicated credit facility of up to 1 billion ringgit.

The five-year medium- and long-term facility will be arranged by a group of banks led by CIMB Bank and Mizuho Bank, according to a Wednesday Taiwan Exchange filing.

Chailease will provide guarantee for the facility, which will run for 60 months from the date of the first drawdown date.

The facility will be used for working capital and general corporate purposes, it said.

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