Kota Kinabalu: State Finance Minister Datuk Seri Masidi Manjun said Sabah Development Bank (SDBank) is aggressively working to restructure and recover its bad debts.
Collaboration continues with agencies to enhance revenue – Masidi theborneopost.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from theborneopost.com Daily Mail and Mail on Sunday newspapers.
SMJ Sdn Bhd (SMJSB), a wholly-owned subsidiary of the Sabah Government through the Chief Minister Incorporated of Sabah, successfully priced its inaugural RM900 million Islamic medium-term notes (Sukuk Wakalah) on Oct 16. It was issued out of its AAA-rated Multi-Currency Sukuk Wakalah Programme of up to RM10 billion (or its equivalent in other currencies) in nominal value.