10 January 2012
Danajamin Nasional Bhd is guaranteeing Segi Astana Sdn Bhd’s RM470 million 14-year Medium Term Notes (MTN) Programme.
The first tranches of the MTN programme totaling RM150 million, with maturity ranging from 11 years to 14 years, were issued today. The issuance, rated AAA(fg) by Malaysian Rating Corp Bhd, was fully subscribed.
The funds raised from the MTN Programme will be used to primarily part finance the development costs of an integrated complex at the upcoming low – cost carrier terminal (klia2) in Sepang.
The integrated complex, which is adjoined to klia2, comprises a four – level retail mall with 350,000 sq ft of net lettable area and a transportation hub consisting of 6,000 car park bays, 54 taxi bays and 26 bus bays, which will be managed, operated and maintained by Segi Astana post – completion. The complex is designed to funnel passengers to and from immigration checkpoints into the mall.
AmInvestment Bank Bhd is the principal adviser, lead arranger and lead manager for the MTN Programme.
Including this issuance, Danajamin has provided guarantees to 16 companies for bond programmes totaling RM4.4 billion. The companies are from various sectors including plantation, utilities, education, retail and manufacturing.