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Kuala Lumpur – June 26, 2006 - Malaysian International Merchant Bankers Bhd (MIMB) has arranged for a commercial papers (CP) programme of up to RM50 million for Persoft Systems Sdn Bhd (PSSB) and its subsidiaries. The tenure is for seven years and the Malaysian Rating Corporation Bhd (MRCB) has assigned a short-term rating of MARC-2 for the programme. In a statement on June 26, PSSB executive chairman Rizzall Salleh said PSSB would utilise the proceeds to part finance the group’s working capital requirements. PSSB is mainly involved in the managed licensing services for software developers’ applications and products. This includes related technical consulting and training as well as other information and communication technology augmentation services, namely IT security services and solutions, customs secure applications, secure back-office applications outsourcing and technical consulting and training. Mohd Razlan Mohamed, MIMB’s director of investment banking, said: ‘The CP programme by PSSB would be a benchmark for other small to medium-sized companies." "This CP programme by PSSB highlights MIMB’s commitment to extend its’ expertise on the capital markets and instruments to medium-sized companies like PSSB," he said. http://www.theedgedaily.com/cms/content.jsp?id=com.tms.cms.article.Article_1016bd95-cb73c03a-1f682720-8baa16d4
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