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The Financing

Purpose of Financing

To finance the incremental cost of new / existing projects excluding working capital. For acquisition of land a maximum amount of 40% of the land cost or project cost whichever is lower is allowed.

Loans for the following purpose are not allowed:-

•

Financing for: -

•	Acquisitions of shares
•	Existing assets of the company,and
•	Taking over existing productive capacity

•

Financing of Casinos

Type of Facility

•	Term Loan
•	Leasing
•	Private Debt Securities
•	Bank Guarantee
•	Customized Instruments
•	Equity Linked Instruments

3.	Tenure of Loan
	Maximum loan period up to 20 years.

4.	Lending Rate
	4.0% -5.5% per annum computed based on annuity yearly rest basis.

Repayment Period

•	The Period of repayment will be determined based on the project cash flow, the economic life of the assets financed and/or terms of repayment as stipulated by the Fund provider.
•	Grace period may be given and is determined based on the gestation period and the cash flow of the project.

Additional Conditions

•	Maximum Gearing Ratio - 4: 1
•	Minimum Debt Service Coverage Ratio - 1.2:1

Financing Amount

Minimum	: RM5.0 million
Maximum	: RM50.0 million or up to a maximum of 80% of the total project cost whichever is lower is allowed

Eligibility

Applicant

•	Applicants must be registered under the Companies Act 1965, Companies Commission of Malaysia act 2002 or/and Companies Co-operative Act 1970 or Co-operative act 1993
•	Applicants must be majority-owned by Malaysians (at least 51%)
•	Both Bumiputera and Non-Bumiputera Enterprises may apply.
•	All existing and new enterprises carrying out or planning to carry out tourism infrastructure projects are eligible, and
•	All applicants must have a minimum paid-up of RM5.0 million or minimum of 20% from the total loan applied whichever is higher

Nature of Project

All tourism infrastructure projects that contribute to the development of the tourism industry are eligible. Priority shall be given to the following types of projects: -

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Integrated or regional tourism centers/ attractions/facilities and complexes

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Convention halls

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Information center and galleries

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Special shops, F& B, stores related to tourism

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Hotels, chalets, resort and other form of accommodation with special "theme-based" development for example water theme park, jungle theme park, medical tourism, eco tourism, edu tourism or sport tourism

•

Facilities that related to medical or health tourism

•

Facilities related to eco/agro tourism

•

Facilities related to education tourism

•

Facilities related to sport tourism

•

Other special interest tourism

•

Urban redevelopment to enhance tourist sport

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Integration of various transport mode, limousine terminal and pedestrian walks/crossing to provide efficient urban connectivity from point to point

•

River and waterfront development

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Theme and/or recreation parks and centers such as:

i.	Water Theme Park Water Theme Park
ii.	Heritage
iii.	Museum
iv.	Safari parks
v.	Zoo
vi.	Flower garden
vii.	Theatre & Cultural show/Cultural center
viii.	Other special concept theme parks

•

Marina and marine tourism

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Other facilities that support the above which include:

i.	Access roads,
ii.	Cable cars
iii.	Jetties
iv.	Airstrips

•

Other sectors related to tourism infrastructure as identified from time to time by the Ministry of Tourism and/or the Bank.

•

Project must be located in Malaysia

Enquiry

Business Development & Advisory - INFRASTRUCTURE,
Level 26, Menara Bank Pembangunan (BPMB),
Bandar Wawasan , No.1016 Jalan Sultan Ismail,
P.O. Box 10788, 50724 Kuala Lumpur

Contact No. : 2611 3003 / 3384 / 3960

Product Disclosure Sheet

(Read this Product Disclosure Sheet before you decide to take out this Facility. Be sure to also read the general terms and conditions.)

Bank Pembangunan Malaysia Berhad 1 September 2010

WHAT ARE THE FEES AND CHARGES I HAVE TO PAY?

•	Stamp Duties As per the Stamp Duty Act 1949 (Revised 1989
•	Processing Fee 0.15% of the facility amount or RM10,000.00, whichever is higher.

WHAT IF I FAIL TO FULFILL MY OBLIGATIONS?

You will be charged Late payment/Ta’widh

•	At 1% p.a. on the overdue installment during the tenure of the facility; and
•	At the gross dividend rate for the 12 months Islamic account against the outstanding purchase price (principal balance) if the overdue continues beyond the maturity date of the facility

WHAT IF I FULLY SETTLE THE FINANCING BEFORE ITS MATURITY?

You are allowed to make prepayment in full and you are advised to give a notice of not less than three (3) months prior to the intended date of prepayment.

WHAT ARE THE RISKS INVOLVED?

The interest rate for conventional financing is variable and it may change according to changes in the reference rates. An increased rate may result in higher monthly repayment.

DO I NEED A GUARANTOR/SECURITY/COLLATERAL?

Among the security requirement include project assets, debenture, assignment of concession agreement/ project account/ insurance policy, debenture, guarantee etc. depending on the type of project and financing.

WHAT DO I NEED TO DO IF THERE ARE CHANGES TO MY CONTACT DETAILS?

It is important that you inform us of any change in your contact details to ensure that all correspondences reach you in a timely manner.

WHERE CAN I GET FURTHER INFORMATION?

If you have any enquiries, please contact us at :
Business Development,
Bank Pembangunan Malaysia Berhad.
26, Menara Bank Pembangunan, Jalan Sultan Ismail, Kuala Lumpur.

•	Infrastructure Financing Tel : 03 - 2611 3111 / 3003 / 3886
•	Technology Financing Tel : 03 - 2611 3290 / 3808 / 3841
•	Maritime Financing Tel : 03 - 2611 3363 / 3909 / 3955

IMPORTANT NOTE :

LEGAL ACTION MAY BE TAKEN AGAINST YOU IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR FINANCING.

The information provided in this disclosure sheet is updated on 1/9/2010.

Conventional Financing
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Fund »

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