Malaysia seeks funds for water reform
- From: Vol 10, Issue 10 (October 2009)
- Category: General
- Region: Asia
- Country: Malaysia
- Related Companies: CIMB Investment Bank, Malaysian National Water Commission and Pengurusan Aset Air Berhad (PAAB)
A new debt programme will provide the funds to take Malaysia’s water reform to the next level. Some states still prefer to borrow on their own. Max Borchardt reports from Kuala Lumpur.
Pengurusan Aset Air Berhad (PAAB) – the holding company set up in 2006 to manage Malaysia’s water assets – has set up a pair of new issuance vehicles to raise up to MYR20 billion ($5.9 billion) of debt.
The programmes – an Islamic medium term note facility and an Islamic commercial paper programme – are designed to provide funds to repay existing ...
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