Danajamin sets achievable bond guarantee figure for next year

KUALA LUMPUR: Financial guarantee institution, Danajamin Nasional Bhd, is targeting to provide a further RM3bil in bond guarantees next year.

For the rest of the year, it is evaluating five transactions with guarantees of up to RM1.4bil; since it started providing credit wrapping for bonds in June last year, Danajamin has guaranteed RM2.9bil bonds in 11 transactions in the property, plantation, utility and manufacturing sectors.