Malaysia's Dijaya launches RM 500 million commercial paper, MTN program

By Marisa Wong

Madison, Wis., Sept. 27 - Dijaya Corp. Bhd. said it has established an up to RM 500 million guaranteed commercial paper/medium-term note program. The Securities Commission Malaysia approved the seven-year program on Wednesday

RHB Investment Bank Bhd. is the principal adviser and joint lead arranger, AmInvestment Bank Bhd. is the other joint lead arranger, and Astramina Advisory Sdn. Bhd. is the financial adviser.

Proceeds from notes issued under the program will be used to refinance a RM 100 million revolving credit facility, to pay up to RM 8.5 million of fees associated with the paper/MTN program and for general corporate purposes.

Dijaya specializes in resort-style property development. The company is based in Petaling Jaya, Malaysia.

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