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Tajuk : PR1MA to raise RM5b
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PR1MA to raise RM5b
PUTRAJAYA: Perbadanan PR1MA Malaysia has inked an agreement with four top local banks to raise RM5 billion as working capital for 89 of its housing projects that are currently under development.
Under the agreement, PR1MA has the option to choose either a 20-year, RM5 billion murabahah sukuk issuance, or mix it up with a five-year, RM2.5 billion syndicated revolving credit facility to fund works for the projects.
The 89 projects comprise at least 89,449 unit of homes, with over RM23 billion in gross development value.
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