Kapasi’s bonds get 3.8% coupon rate

  • Business
  • Wednesday, 30 Jun 2010

KUALA LUMPUR: The first Danajamin Nasional Bhd guaranteed bonds were issued by Syarikat Kapasi Sdn Bhd yesterday, at a competitive pricing with a coupon rate of 3.8% and a AAA (fg) rating.

The RM30mil three-year bonds issue was fully taken up by investors.

“The competitive rate of the bonds reflects investors’ confidence towards Danajamin’s guarantee.

“We expect the yield to get even better in the subsequent issues as investors become more familiar with our guarantee,” chief executive officer Ahmad Zulqarnain Onn said in a statement.

The first tranche of RM30mil with three-year maturity was part of the RM200mil five-year private debt securities programme planned by the developer.

Article type: metered
User Type: anonymous web
User Status:
Campaign ID: 1
Cxense type: free
User access status: 3

Did you find this article insightful?


Across The Star Online