41918-014: MAL: SENIOR SECURED LOAN TO EUCALYPT MORTGAGES SDN. BHD.

Project Data Sheet (PDS): Overview


Description

The proposed transaction is a senior secured loan to Eucalypt Mortgages Sdn. Bhd. (EMSB) or a related entity, to finance its acquisition of a portfolio on nonperforming loans (NPLs) to be acquired from HSBC Bank Malaysia Berhad (HSBC), in the amount of up to $10 million. Read More

Country Malaysia
Borrower/Equity Investment Name EUCALYPT MORTGAGES SDN. BHD.
Project Number 41918-014
Project Type or Modality of Assistance PS
Financing Private sector (Nonsovereign)
Status Approved
Approval Number 7268
Approval Date 15 Nov 2007
Closing Date 18 Dec 2007
Geographical Location Malaysia
Sector / Subsector Classification Finance
/ Housing finance
Safeguard Categories Environment: C
Resettlement: C
Indigenous People: C

 

 

Project Data Sheets (PDS) contain summary information on the project or program. Because the PDS is a work in progress, some information may not be included in its initial version but will be added as it becomes available. Information about proposed projects is tentative and indicative.

The Public Communications Policy (PCP) recognizes that transparency and accountability are essential to development effectiveness. It establishes the disclosure requirements for documents and information ADB produces or requires to be produced.

The Accountability Mechanism provides a forum where people adversely affected by ADB-assisted projects can voice and seek solutions to their problems and report alleged noncompliance of ADB's operational policies and procedures.

In preparing any country program or strategy, financing any project, or by making any designation of, or reference to, a particular territory or geographic area in this document, the Asian Development Bank does not intend to make any judgments as to the legal or other status of any territory or area.

Project Data Sheets (PDS)

Responsible ADB Officer
Hasib Ahmed
Request for information

Responsible ADB Department
Private Sector Operations Department

Responsible ADB Divisions
Capital Markets and Financial Sectors Division

Last PDS Update
07 Jan 2008

SEARCH/BROWSE PROJECTS