Wednesday 30 March 2016

UDA secures RM500m Islamic financing for 8 projects

UDA Holdings Bhd has signed financing agreements with financial institutions for a syndicated Islamic financing facility of up to RM500 million to finance eight projects with an estimated gross development value (GDV) of RM1.62 billion.

The financiers are Affin Islamic Bank Bhd, AmBank Islamic Bhd, RHB Islamic Bank Bhd, Bank Pembangunan Malaysia Bhd and Kuwait Finance House (M) Bhd.

Affin Hwang Investment Bank Bhd, AmInvestment Bank Bhd and RHB Islamic Bank are joint mandated lead arrangers while Bank Pembangunan Malaysia and Kuwait Finance House are co-arrangers for the syndicated facility.

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