Duo guarantee Nurs sukuk

  • Business
  • Wednesday, 27 Jun 2012

KUALA LUMPUR: Danajamin Nasional Bhd, Malaysia’s financial guarantee insurer, has formed a collaboration with Maybank Islamic Bhd to co-guarantee Nur Power Sdn Bhd’s RM650mil 15-year sukuk mudharabah facility (Islamic bond).

Under the co-guarantee arrangement, Danajamin guaranteed the tranche with eight to 15 years longer maturity period amounting to RM500mil, it said in a statement. — Bernama

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