Seri Mutiara Development Sdn Bhd Successfully Launched its Inaugural MTN Programme

10 May 2019

We are pleased to announce that Seri Mutiara Development Sdn Bhd (SMD) has successfully made its maiden issuance of medium term note today, under its Medium Term Note Programme of RM50.0 million in nominal value (MTN Programme)

Kenanga Investment Bank Berhad’s (KIBB) roles were instrumental to the success of this transaction.

The MTN Programme, which has a tenure of 5 years, is guaranteed by its parent company, DBH Holdings Sdn Bhd and is also secured against the unsold residential units of its current projects of Mutiara Ville Residence, Cyberjaya and Kuchai East, Kuchai Lama. Proceeds from this issuance will be utilised to finance, amongst others, the investment and/or working capital requirements of SMD group of companies.

KIBB is the Sole Principal Adviser/ Lead Arranger/ Lead Manager and Facility Agent

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