Danajamin guarantees RM170m of AC First Genesis’ Islamic ABS

(Caption) Nazri Omar, Chief Executive Officer (CEO) of Danajamin, Grace Ho, Director of Belleview Group and Dato' Sonny Ho, Managing Director (MD) of Belleview Group were joined by Lee Jim Leng, Group MD and CEO of Hong Leong Investment Bank Berhad, Wan Ahmad Satria, Head, SMF & Proprietary Investment of MIDF, Sharon Yam, Director, AC First Genesis, Datin Suryani Rusli, Director of Belleview Group and Ooi Lay Wah, General Manager, Finance, Belleview Group at the first virtual signing ceremony held by Danajamin, via ZOOM.

KUALA LUMPUR: Danajamin Nasional Bhd has guaranteed the C Islamic medium-term notes of up to RM170mil by AC First Genesis Bhd (AFGB) which will be used to acquire the Aman Central Mall in Kedah from Great Realty Sdn Bhd.

Danajamin, the country’s first financial guarantee insurer, said the RM170mil was under a first issuance of the Sukuk Ijarah of up to RM800mil.