KUALA LUMPUR: Danajamin Nasional Bhd has inked an agreement with Senari Synergy Sdn Bhd yesterday to guarantee the latter's RM380 million 20-year Islamic medium-term notes programme- Danajamin said the sukuk programme, rated "AAAIS(fg)", was fully issued and subscribed- Chief executive officer Ahmad Zulqarnain Onn said the transaction further reinforced Danajamin's role in providing companies access to the longer end of the sukuk market, which was less liquid, as well as facilitating the development of Malaysia as a leading Islamic financial centre- "Senari Synergy is the first company in Sarawak to be given our financial guarantee- "We are proud to work together with them in this transaction, which is of great significance to Danajamin, as it is the first issuance with a 20-year programme that we are guaranteeing," he said in a statement- The deal between Danajamin and Senari Synergy was signed in Kuching yesterday- Senari Synergy is an investment holding company with core activities in the development, operation, management and maintenance of port facilities, mainly for oil and gas, petrochemical and oleochemicals-related services- To date, Danajamin has provided guarantees for RM2-69 billion bond programmes from various sectors including property, plantation, utilities and manufacturing- Bernama reports: Malaysian Rating Corp Bhd (MARC) has assigned a AAA (Is) (fg) rating to Senari Synergy's RM380 million sukuk with a stable outlook- "The rating and rating outlook reflect MARC's credit rating on Danajamin Nasional Bhd of AAA/Stable which is providing an unconditional and irrevocable guarantee to meet obligations on the sukuk," it said in a statement yesterday- ...

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