PETALING JAYA: The Government has established the country’s first financial guarantee institution (FGI), Danajamin Nasional Bhd, which has the capacity to guarantee up to RM15bil of bonds, in a move to provide greater access for local companies to raise funds in the bond market.
The chairman of the institution is Datuk Seri Abdul Hamidy Abdul Hafiz, the former CEO of Affin Bank Bhd, according to a Danajamin statement yesterday.
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