MINISTER of Finance Permanent Secretary, Datuk Pengiran Hassanel Pengiran Tahir said the issuance of the RM 544 million bond was part of MOF's effort to strenghten it's financial position.
"We have positioned ourself to fund commercially viable investment projects for state GLCS with readily available fund and leveraging on reasonable cost of fund."
He said these projects are expected to generate income for the future and pay for themselves.
On the repayment of the Bond at the end of its 5 year tenure, he said the state treasury has worked it out in its financial planning and is capable of paying it on time.
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