Govt signs guarantee to facilitate Felda loan restructuring

An agreement with a government guarantee has been signed for Felda to restructure the agency’s loans through the issuance of sukuk and revolving credit as part of efforts to restore Felda’s financial position.

In a statement today, the Finance Ministry said that a major part of the restructuring of Felda’s loans is to reduce the principal of its debt to financial institutions by RM7.9 billion.

The restructuring will also...