Pension funds, insurers take up Digistar associate's bonds

An artist

PETALING JAYA: The RM280mil bonds issued by a Digistar Corporation Bhd unit have been well received by the market, with the Employees Provident Fund alone taking up a third of the debt papers, people familiar with the transaction said.

The bond issuance is to raise funds to carry out a government project that Digistar’s 40%-owned unit, Indera Persada Sdn Bhd, has already secured, namely, the construction of the Malaysian National Technology Advancement Centre in Alor Gajah, Malacca, for the Works Ministry.