ELK-Desa establishes RM1bil MTN programme


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KUALA LUMPUR: Elk-Desa Resources Bhd, a non-bank lender in the used-car segment, has announced the establishment of a medium term notes (MTN) programme of up to RM1bil in nominal value via Premier Auto Assets Bhd.

It said in a statement that the MTN programme would have a tenure of 10 years, adding that Premier Auto may periodically issue MTNs of various tenures up to an aggregate limit of RM1bil.

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