HNB joins global syndicate in US$ 1bn sustainability-linked loan for Aster Chemicals

Singapore-based Aster Chemicals & Energy Pte Ltd has successfully raised US$ 1 billion through an oversubscribed sustainability-linked syndicated term loan (SLL) facility, backed by a consortium of leading international lenders and credit funds.

- 

HNB Senior Vice Presidents/ Head of Wholesale Banking Majella Rodrigo and HNB Senior Vice Presidents/ Head of Corporate Banking Manojith Weerasuriya join Aster Chemical and Energy Pte. Ltd representatives, Planning and Optimisation Director, Anawat Chansaksoong and Business Development Director Foo Kee Khoon, at the signing ceremony of this strategic partnership

The initial US$ 700 million facility was upsized by an additional US$ 300 million via the exercise of a green-shoe option, reflecting strong investor confidence and demand.

Aster, a joint venture majority-owned by Chandra Asri Group with Glencore as the minority partner, operates a crude oil refinery and ethylene cracker in Pulau Bukom, together with downstream chemical facilities in Jurong Island.