MDV Aims To Disburse RM200 Million Under Newly-launched iFactoring Financing Product

KUALA LUMPUR, Sept 13 (Bernama) — Malaysia Debt Ventures Bhd (MDV), a wholly-owned unit of the Minister of Finance Inc, aims to disburse RM200 million for its newly-launched iFactoring financing product up to March 2013.

The products — iFactoring and Equity-Linked Financing Structures — aim to further support small and medium enterprises (SMEs).

The iFactoring facility offers an arrangement between a firm and MDV, under which MDV buys over its accounts receivables for cash.

Under Equity-Linked Financing Structures, the MDV offers attractive discounted funding cost for its clients. The financing structure includes a conversion of the outstanding balance in the facility into equity.

MDV managing director/chief executive officer, Md Zubir Ansori Yahaya, said the company expected to strike seven deals for its Equity-Linking Financing Structures product this year.

– BERNAMA