Danajamin Nasional Bhd, the country’s first Financial Guarantee Insurer, and Bank Pembangunan Malaysia Bhd, Malaysia’s oldest and largest development bank, today (23 October 2017) announced their collaboration to co-guarantee the issuance of an 18-year, RM639.0 million Senior Sukuk Murabahah by TRIplc Medical Sdn Bhd, a wholly-owned entity of TRIplc Berhad.
This guarantee marks Danajamin’s second guarantee facility extended to the TRIplc group of companies after the previous sukuk issuance for the construction of Universiti Teknologi Mara Puncak Alam, Selangor.
Equipping consumers with financial and investment literacy is crucial to enable them to protect themselves, cope with unexpected events, and ensure their financial well-being.
“With the growing sophistication of the capital market, the number of financial and investment decisions that consumers have to make is increasing. Longer life expectancy also means there is a need to ensure that accumulated savings are enough to cover longer period of retirement. Consumers are also responsible for the financial products they decide to purchase and will have to face the consequences of their choice.,” said Tan Sri Ranjit Ajit Singh, Chairman of SC.
Danajamin Nasional Bhd, the country’s first Financial Guarantee Insurer, issued its inaugural Tier-2 Subordinated Sukuk as part of its Capital Management Plan.
The Subordinated Sukuk issuance of RM500 million is part of a Sukuk Programme of up to RM2.0 Billion for the Issuance of Senior and Subordinated Sukuk Murabahah.