Inaugural Danajamin Guaranteed Issue - Advised by AFFIN Investment Bank
AFFIN Investment Bank Berhad & Syarikat Kapasi Sdn Bhd achieved a major landmark deal in the Malaysian Capital Market by being the first to conclude the issuance of a Danajamin Nasional Berhad Guaranteed Commercial Papers/Medium Term Notes (CP/MTN) Programme. AFFIN Investment Bank Berhad was the Principal Advisor and Lead Arranger for the issuance of a Danajamin Nasional Berhad Guaranteed CP/MTN Programme of up to RM200 million by Syarikat Kapasi Sdn Bhd, a subsidiary of Asian Pac Holdings Bhd.
The fund raising exercise for Syarikat Kapasi Sdn Bhd was to part finance construction and development costs of Kota Kinabalu Times Square ("KKTS") 2 comprising a shopping mall, shop-lots and service apartments located in Kota Kinabalu city centre. This Danajamin Nasional Berhad Guaranteed CP/MTN Programme provides flexibility to Syarikat Kapasi Sdn Bhd to match the tenure of Syarikat Kapasi Sdn Bhd's investments in KKTS 2 and more importantly, the Danajamin Nasional Berhad Guaranteed CP/MTN Programme provides the most competitive pricing which lowers Syarikat Kapasi Sdn Bhd's interest costs.
The issuance of this Danajamin Nasional Berhad Guaranteed CP/MTN Programme by Syarikat Kapasi Sdn Bhd is rated Marc-1(fg) and AAA(fg), and the first tranche of the Danajamin Nasional Berhad Guaranteed CP/MTN Programme by Syarikat Kapasi Sdn Bhd of RM30 million was issued on 29 June 2010.
