Danajamin Nasional Bhd has announced that it is guaranteeing Poh Kong Holdings Bhd's sukuk, a RM150 million seven-year Islamic Commercial Papers/Islamic Medium Term Notes programme.
In a statement today, Danajamin said the first tranche of the programme, totalling RM50 million, was issued today and fully subscribed.
Rated AAAIS(fg), the issuance comes with a seven-year maturity.
Poh Kong, a jewellery retailer with over 90 retail outlets nationwide, will use the funds raised to refinance its existing borrowings and for future capital expenditure, including the opening of new branches.
The sukuk programme was jointly arranged by Maybank Investment Bank Bhd and RHB Investment Bank Bhd.
To date, Danajamin has provided guarantees for RM3.1 billion bond programmes from various sectors, including utilities, plantation, education and manufacturing.--Bernama
In a statement today, Danajamin said the first tranche of the programme, totalling RM50 million, was issued today and fully subscribed.
Rated AAAIS(fg), the issuance comes with a seven-year maturity.
Poh Kong, a jewellery retailer with over 90 retail outlets nationwide, will use the funds raised to refinance its existing borrowings and for future capital expenditure, including the opening of new branches.
The sukuk programme was jointly arranged by Maybank Investment Bank Bhd and RHB Investment Bank Bhd.
To date, Danajamin has provided guarantees for RM3.1 billion bond programmes from various sectors, including utilities, plantation, education and manufacturing.--Bernama
