KUALA LUMPUR, March 21 (Bernama) — Pursuant to its RM 1 Billion Sukuk Facility (“Third Fund”) that was launched in August 2017, Malaysia Debt Ventures Berhad (MDV), has recently received approval for the issuance of RM 270 Million under its Islamic Medium Term Notes (“iMTN”). This approval will be used to finance companies under MDV’s mandate primarily the Small Medium Enterprises (“SMEs”) involved in the ICT, Green Technology and Emerging Technology in Malaysia.
The approval will facilitate MDV’s existing commitment of timely funding to customers in implementing their projects and generating new economic and employment activities targeted towards supporting technology and growth sectors. Furthermore, this approval will facilitate MDV’s role in assisting SMEs that are looking for small scale financing of RM 3.0 Million to RM 5.0 Million that among others are undertaking projects or contracts in telecommunication, energy performance contracting and IT projects.
