Sunway gets RM617mil bond facility

In a filing with Bursa Malaysia yesterday, Sunway said BHSI will issue a qualifying certificate bond of S$37.10mil (RM114.39mil), which is 10% of the price of the land acquired by Sunway’s associate company Hoi Hup Sunway Kent Ridge Pte Ltd (HHSKR). (File pic shows Sunway Pyramid's iconic lion.)

PETALING JAYA: Sunway Bhd has secured a bond facility of S$200mil (RM616.66mil) from Berkshire Hathaway Specialty Insurance (BHSI) for its residential development project with Singapore developer Hoi Hup Realty Pte Ltd located in Tanjong Katong, Singapore.

In a filing with Bursa Malaysia yesterday, Sunway said BHSI will issue a qualifying certificate bond of S$37.10mil (RM114.39mil), which is 10% of the price of the land acquired by Sunway’s associate company Hoi Hup Sunway Kent Ridge Pte Ltd (HHSKR).