Danga Capital Sukuk raised MYR 1.6 bn
Danga Capital Bhd., a special purpose vehicle set up by the Malaysia government, raised a Sukuk, offering to MYR 1.6 bn (USD 443 mn) from MYR 1 bn. The 5-year tranche was priced at 4.22 % and the 7-year tranche at 4.49 % at the higher-end of the price guidance.
RAM Ratings has a AAA rating on Danga's planned MYR10 billion program with a long-term stable outlook.
CIMB Investment Bank Bhd. and AmInvestment Bank Bhd. are the joint lead managers and lead arrangers for the issue.
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