PETALING JAYA: Danajamin Nasional Bhd is collaborating with Malayan Banking Bhd (Maybank), United Overseas Bank (M) Bhd (UOB) and Affin Bank Bhd to provide a syndicated financing deal worth RM855mil for Impian Ekspresi Sdn Bhd, a vehicle indirectly controlled by Datuk Desmond Lim Siew Choon, the executive chairman of Malton Bhd and chairman of Pavilion REIT Management Sdn Bhd.
Impian Ekspresi will use the proceeds from the financing programme, comprising RM450mil medium-term notes (MTNs), an RM400mil syndicated term loan and an RM5mil bank guarantee, to acquire a 3.87ha piece of land at Pusat Bandar Damansara (PBD) to develop a mixed integrated development project comprising office blocks, residential towers and a retail mall.