Friday, December 1, 2017

DANAJAMIN PROVIDES GUARANTEE FOR PROJEK LINTASAN SUNGAI BESI - ULU KLANG SDN BHD'S RM500.0 MILLION SUKUK

KUALA LUMPUR, Nov 30 (Bernama) -- Danajamin Nasional Berhad (“Danajamin”), the country’s first Financial Guarantee Insurer, today announced that it is guaranteeing a 34-year RM500.0 million Sukuk Murabahah Programme (“Sukuk”) issued by Projek Lintasan Sungai Besi-Ulu Klang Sdn Bhd (“PLSUKE”), a wholly owned subsidiary of Projek Lintasan Kota Holdings Sdn Bhd (Prolintas) which is in turn the wholly owned subsidiary of Permodalan Nasional Berhad.

PLSUKE is undertaking the design, construction, operations, maintenance, toll collection and financing of the Sungai Besi-Ulu Kelang Elevated Expressway (SUKE) under a concession agreement with the Government of Malaysia (“GOM”). The Sukuk Murabahah Programme is part of a debt programme of RM 4.2 billion where the funds raised from the Sukuk Murabahah programme will be used primarily to part finance the SUKE project, a 24.4km three-lane dual carriageway expressway which connects Sri Petaling at the southern Klang Valley and Ulu Kelang at the northern Klang Valley.

http://mrem.bernama.com/viewsm.php?idm=30686

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