PUTRAJAYA, Jun 22 – Perbadanan PR1MA Malaysia has signed an agreement with four banks to raise RM5 billion through a combination of a sukuk programme and revolving credit facility, to be used as a medium-term credit facility to support its commitment to 89 PR1MA projects.
The agreement was signed by Maybank group president and CEO Datuk Abdul Farid Alias, CIMB Group CEO Tengku Datuk Seri Zafrul Aziz, AmBank Group CEO Datuk Sulaiman Mohd Tahir and RHB Banking group managing director Datuk Khairussaleh Ramli, witnessed by Prime Minister Datuk Seri Najib Abdul Razak yesterday.
Also present were Second Finance Minister Datuk Seri Johari Abdul Ghani, Minister in the Prime Minister’s Department, Datuk Seri Shahidan Kassim and PR1MA CEO Datuk Abdul Mutalib Alias. Under the agreement, Maybank Investment Bank Bhd will act as the coordinating bank and facility agent to drive the fund-raising effort. The bank will also act as joint lead arrangers/ joint lead manager, together with AmInvestment Bank, CIMB Investment Bank and RHB Investment Bank. — Bernama