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DRB-Hicom Defence Technologies 3.86 billion ringgit working capital requirement syndication deal
DRB-Hicom Defence Technologies (Deftech) secured a 3.86 billion ringgit (US$1.28 billion) working capital requirements syndication deal to help finance a project that it won for the development, manufacturing and integration of armoured-wheeled vehicles amounting to 7.5 billion ringgit
The Asset 1 May 2012

 
The Asset Triple A Awards 2012


Best Trade Finance Solutions: Malaysia 

 

Coordinator bank: Maybank

 

Joint lead arrangers: AmBank Group, Maybank Investment Bank, RHB

 

 
Pars 8×8×8: The armoured personnel carrier that the Malaysian army intends to use  

DRB-Hicom Defence Technologies (Deftech) secured a 3.86 billion ringgit (US$1.28 billion) working capital requirements syndication deal to help finance a project that it won for the development, manufacturing and integration of armoured-wheeled vehicles amounting to 7.5 billion ringgit.


The deal involved the re-issuance of performance guarantee and advance payment guarantees to Deftech – the longest tenor is seven years – backed by counter guarantees from 16 suppliers in Turkey, Norway, France, Germany, South Africa and Malaysia.

 

L/Cs will be issued to Def-tech’s suppliers and FX contracts for Deftech will be arranged to hedge its FX exposure.

 

Guarantees will likewise be issued to Deftech’s buyer with the participation from AmBank and RHB Bank.
 

 

 

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