Our Operations During the Movement Control Order.
31 July 2012

Danajamin and RHB Bank Co-Guarantee RM628 Million of Mecuro Properties’ RM900 Million Bond Issuance

Danajamin announced today that it is collaborating with RHB Bank Berhad to co-guarantee RM628 million bonds, which form part of the RM900 million bonds issued by Mecuro Properties Sdn Bhd.

KUALA LUMPUR – Danajamin Nasional Berhad, the country’s Financial Guarantee Insurer, announced today that it is collaborating with RHB Bank Berhad to co-guarantee RM628 million bonds, which form part of the RM900 million bonds issued by Mecuro Properties Sdn Bhd. This is the first subordinated bond issuance that Danajamin is guaranteeing.

The RM900 million bond issuance comprises RM272 million senior bonds and RM628 million guaranteed bonds. Under the co-guarantee arrangement for the guaranteed bonds, Danajamin guarantees the tranches with maturities of 7 to 8.5 years amounting to RM419 million. The other tranche of RM209 million with a maturity of up to 7 years is guaranteed by RHB Bank. The bonds guaranteed by Danajamin are rated AAA(fg) whilst those guaranteed by RHB Bank are rated AA2(bg). All the bonds were issued today and fully subscribed.

Mecuro Properties is a special purpose vehicle incorporated as a funding conduit for the bond issuance which entailed a sale-and-leaseback transaction backed by a portfolio of 5 completed and well tenanted properties belonging to the Boustead Holdings Berhad group of companies. Mecuro Properties is a wholly owned subsidiary of Boustead Properties Berhad, which in turn is a wholly owned subsidiary of Boustead Holdings Berhad.

Affin Investment Bank Berhad is the Principal Adviser / Lead Arranger for the bond issuance. RHB Investment Bank Berhad and Affin Investment Bank Bhd are the Joint Lead Managers for this transaction.

Including the guarantee for Mecuro Properties, to-date, Danajamin has provided guarantees for RM5.3 billion sukuk and bond programmes.

About Danajamin

Danajamin, the country’s first and only Financial Guarantee Insurer, was established by the Government to be a catalyst to stimulate and further develop the domestic bond and sukuk market. Danajamin’s objective is to provide financial guarantee, a credit enhancement, to bond/sukuk issuances to help viable companies raise long-term fixed rate financing from the bond/sukuk market. The bond/sukuk market is an important alternative source of financing, as it complements the banking sector. Its continuous development is critical in ensuring that Malaysian companies have several funding sources to finance their business expansion and investments.

A AAA-rated company, Danajamin is jointly owned by Minister of Finance Incorporated (50%) and Credit Guarantee Corporation Malaysia Berhad (50%). It has a paid-up capital of RM1 billion with another RM1 billion callable capital. Danajamin is licensed under the Insurance Act 1996, and is regulated and supervised by Bank Negara Malaysia.

For more information about Danajamin, its services as well as its leadership, kindly visit our website www.danajamin.com

Media Contact

Ann Lim
Head, Communications
Tel (03) 2299 2068, (019) 288 2736
Email: ann@danajamin.com

Back to Articles & Media

Other News & Announcement

26 January 2022

Danajamin Guarantees Kejuruteraan Asastera Bhd’s Sukuk Murabahah Programme’s First Tranche

Danajamin Nasional Berhad ("Danajamin") announced that it will guarantee Tranche 1 of KAB Energy Power Sdn Bhd's ("KABEP") inaugural issuance from the RM500.0 million Multi-Currency Islamic Medium Term Notes Programme ("Sukuk Murabahah Programme"). KABEP is a wholly owned subsidiary of Kejuruteraan Asastera Berhad (“KAB” or the “Group”).
27 February 2019

Danajamin Guarantees Pasukhas Green Assets Sdn Bhd RM200 Million Islamic Medium Term Notes Programme

Danajamin’s First Participation in ASEAN Green Socially Responsible Investment (“SRI”) Sukuk Programme.
29 August 2017

Danajamin Provides Inaugural Drop Off Guarantee for a 'Live' Bond by DRB-HICOM's Subsidiary

Danajamin announced that it is guaranteeing a 19-year RM340 million Medium Term Note Programme (MTN Programme) issued by Northern Gateway Infrastructure Sdn Bhd.
26 August 2017

Danajamin Mighty Run Donated RM50,000 Towards a Worthy Cause

About 1000 runners set themselves to support autism awareness at the Danajamin Mighty Run in Centrus Mall, Cyberjaya.
8 May 2017

Danajamin100 Programme to Enrich the Future Leaders of Malaysia

Danajamin held a graduation ceremony at Aloft Hotel, Kuala Lumpur to celebrate Batch 2 students of the Danajamin100 leadership programme.
24 October 2016

Ariffin Hew Appointed to Danajamin's Board of Directors

Danajamin announced the appointment of Ariffin Hew as an Independent Non-Executive Director to the Company’s Board of Directors for a term of three years, effective 25th October 2016.