Wednesday June 27, 2012
Duo guarantee Nur’s sukuk
KUALA LUMPUR: Danajamin Nasional Bhd, Malaysia’s financial guarantee insurer, has formed a collaboration with Maybank Islamic Bhd to co-guarantee Nur Power Sdn Bhd’s RM650mil 15-year sukuk mudharabah facility (Islamic bond).
Under the co-guarantee arrangement, Danajamin guaranteed the tranche with eight to 15 years longer maturity period amounting to RM500mil, it said in a statement. — Bernama