ASDB sees better performance this year


  • Business
  • Tuesday, 20 Jan 2004

AMANAH Short Deposits Bhd (ASDB), which issued debt facilities worth around RM1.2bil last year, expects its current year performance to improve, executive director Megat Hisham Megat Mahmud said. 

“We expect the amount (this year) to be bigger than last year,'' he told reporters after signing for the issuance of Hartaplus Realty Sdn Bhd's private debt securities (PDS) worth RM120mil in Kuala Lumpur yesterday. 

On his bond market outlook for 2004, Megat Hisham said the PDS market was expected to see a lower number of new issuances compared with last year, partly due to the smaller number of large-scale infrastructure projects in the pipeline.  

However, ASDB is targeting to exceed its previous year performance based on several projects already lined up for the year. 

“We are quite selective, preferring to concentrate on smaller issues where we have more control,'' Megat Hisham said. 

ASDB, a wholly-owned subsidiary of Amanah Capital Partners Bhd, expects to sign a debt facility underwriting agreement with Glomac Bhd within the next few weeks. 

Amanah Capital, a subsidiary of Malaysian Industrial Development Finance Bhd (MIDF) , provides services in capital market and securities, asset management, factoring and leasing and insurance and property investment. 

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