KUALA LUMPUR (Sept 21): Reinsurer MNRB Holdings Bhd has extended the repayment date of an RM320 million credit facility it obtained from AmBank (M) Bhd  by five months, from tomorrow to March 22, 2019.

In a filing with Bursa Malaysia, MNRB Holdings Bhd said it has entered into a supplemental agreement with AmBank to defer the repayment date.

The group added all other terms and conditions of the facility remain unchanged.

In March 2017, MNRB executed the facility to refinance its existing borrowing.  

The facility carries a floating interest rate that is reviewed quarterly, and has a tenure of 18 months, with an option to extend for another six months.

MNRB's share price fell two sen or 1.34% to close at RM1.47 today, with 1.28 million shares done, giving the company a market capitalisation of RM469.82 million.