January 17, 2017 / 9:00 AM / 2 years ago

Standard Chartered closes $1.6 billion-plus of shipping finance deals

A man walks past the head office of Standard Chartered bank in the City of London February 27, 2015. REUTERS/Eddie Keogh

DUBAI (Reuters) - Standard Chartered (STAN.L) said on Tuesday it had completed three shipping deals worth more than $1.6 billion (1.33 billion pounds) in recent months.

The deals include in December a $684.5 million up to 12-year facility for BW Gas JuJu LNG, a joint venture between BW Group and Japan’s Marubeni (8002.T). In November, the bank also structured a $350 mln Islamic facility for National Shipping Company of Saudi Arabia (4030.SE) (Bahri). The month before it closed a $572 mln loan to subsidiaries of India’s Reliance Group, the bank said in a statement.

Reporting by Tom Arnold, editing by Louise Heavens

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