Edotco Group, through its subsidiary Edotco Investments (Labuan) Ltd, has successfully obtained a syndicated term facility of up to US$700 million.
The loan syndication was led by OCBC Bank (Malaysia) Bhd, with participation from other banks such as DBS Bank Ltd and MUFG Bank Ltd (Labuan Branch).
The facility will be used for refinancing and general corporate and investment purposes. This financing follows edotco Malaysia's RM1.4 billion sukuk issuance in September 2022, in which OCBC acted as the principal adviser sustainability structuring adviser.