Birlanu Ltd Enhances Subsidiary SBLC to EUR 20M

Birlanu Ltd has announced an enhancement of its Standby Letter of Credit (SBLC) facility for its wholly-owned subsidiary, BirIaNu International GmbH, Germany. The SBLC, initially EUR 10.73 million and previously extended, has now been renewed and increased to EUR 20.00 million. This facility is to secure working capital demand loan facilities availed by the subsidiary. The renewal is for a period of 12 months from July 22, 2026. The subsidiary will pay a service fee of 0.53% per annum on the outstanding liability and reimburse processing fees and taxes. Birlanu Ltd will create an exclusive charge over its property to maintain a security cover of 1.25 times.