Chailease Berjaya Credit Sdn Bhd (“Chailease Berjaya”), the overseas subsidiary of the Taiwanese leasing giant Chailease Holding Company Limited (“CHC”), had successfully raised a RM300 million Syndicated Financing Facility, comprising of RM150 million Islamic financing facility and RM150 million conventional loan facility. This facility is Chailease Berjaya’s first ever Islamic Ringgit financing facility, and the first combining an Islamic and conventional facilities.

The proceeds from the syndicated financing facilities will be used for its business expansion. CIMB Bank Berhad was the sole mandated lead arranger and bookrunner who syndicated the loan with 2 participant banks namely, Malaysia Building Society Berhad Bank Berhad(MBSB) and Malaysian Industrial Development Finance Berhad Amanah Investment Bank Berhad(MIDF).

Chailease Berjaya is a 70:30 joint venture between Chailease International Company (Malaysia) Limited (“CI (Malaysia)”, a wholly owned subsidiary of CHC) and Berjaya Capital Berhad, and was incorporated in Malaysia on 9 September 2015.The principal activity of Chailease Berjaya is in financing of used cars and superbikes/ mopeds, personal financing and provision of insurance solutions in Malaysia.

Chailease Berjaya has a team of highly qualified, competent and experienced personnel in managing the operations of its respective businesses from both the Chailease and Berjaya Groups. The strong support provided by the lenders of this syndication will pave the way for future business opportunities, as the company expands its business throughout Malaysia by offering more products and services going forward.