INTI Universal Holdings Sdn Bhd has successfully issued its first RM Bond issuance via a Guaranteed MTN of RM165.0
million, guaranteed by the Credit Guarantee and Investment Facility, a trust fund of the Asian Development Bank.
The education group aims to use the proceeds for the operating expenditure of the group which operates INTI International University Nilai, INTI International College Penang and INTI International College Subang. OCBC Bank (Malaysia) Berhad led the transaction by acting as the Principal Adviser, Lead Arranger, Lead Manager and Facility Agent for the
Guaranteed MTN.
Established in November 2010 under the Asian Bond Market Initiative, CGIF’s mandate is to develop the local-currency bond markets in Japan, the People’s Republic of China, the Republic of Korea and the 10 ASEAN countries (collectively, ASEAN+3). CGIF is jointly contributed by the ASEAN+3 and ADB. CGIF’s development functions include guaranteeing bonds that hold at least investment grade ratings – based on local credit rating standards – as well as making investments for the development of the ASEAN+3 bond markets. CGIF is rated AA by S&P Global Ratings and AAA by RAM Ratings.
