KUALA LUMPUR: Danajamin Nasional Bhd today announced that it will guarantee Segi Astana Sdn Bhd's RM470 million 14-year Medium Term Notes (MTN) Programme.
In a statement today, Dananjamin said the first tranche of the MTN programme, totalling RM150 million, with maturity ranging between 11 years and 14 years, were issued today.
"The issuance, rated AAA, was fully subscribed," the country's first Financial Guarantee Insurer said.
Segi Astana is a special purpose vehicle (SPV) jointly owned by WCT Land Sdn Bhd, a wholly-owned subsidiary of WCT Bhd and Malaysia Airports Holdings Bhd (MAHB).
The funds raised from the MTN Programme will be used to primarily part finance the development of an integrated complex at the Kuala Lumpur International Airport 2 (KLIA2).
Including this issuance, to-date, Danajamin has provided guarantees to 16 companies for bond programmes totalling RM4.4 billion.
The companies are from various sectors including plantation, utilities, education, retail and manufacturing.
Danajamin was established by the Government to be a catalyst to stimulate and further develop the domestic bond and sukuk market.
It's objective is to provide financial guarantee and credit enhancement to bond/sukuk issuances to help viable companies raise long-term fixed rate financing from the bond/sukuk market. -- BERNAMA
In a statement today, Dananjamin said the first tranche of the MTN programme, totalling RM150 million, with maturity ranging between 11 years and 14 years, were issued today.
"The issuance, rated AAA, was fully subscribed," the country's first Financial Guarantee Insurer said.
Segi Astana is a special purpose vehicle (SPV) jointly owned by WCT Land Sdn Bhd, a wholly-owned subsidiary of WCT Bhd and Malaysia Airports Holdings Bhd (MAHB).
The funds raised from the MTN Programme will be used to primarily part finance the development of an integrated complex at the Kuala Lumpur International Airport 2 (KLIA2).
Including this issuance, to-date, Danajamin has provided guarantees to 16 companies for bond programmes totalling RM4.4 billion.
The companies are from various sectors including plantation, utilities, education, retail and manufacturing.
Danajamin was established by the Government to be a catalyst to stimulate and further develop the domestic bond and sukuk market.
It's objective is to provide financial guarantee and credit enhancement to bond/sukuk issuances to help viable companies raise long-term fixed rate financing from the bond/sukuk market. -- BERNAMA
