{
  "id": 11147270,
  "title": "DNB Secures RM5.2 Billion Financing As MoF Inc Prepares To Exit",
  "url": "https://urgent.news/2026/10/01/dnb-secures-rm5-2-billion-financing-as-mof-inc-prepares-to-exit",
  "topic": "business",
  "section": "Business",
  "published": "2026-10-01T08:12:42.000Z",
  "source": {
    "name": "Lowyat.NET",
    "slug": "lowyat-net",
    "url": "https://www.lowyat.net/2026/406056/dnb-secures-rm5-2-billion-financing/"
  },
  "original_language": "en",
  "account": "Digital Nasional Berhad (DNB) has recently secured RM5.2 billion in financing through a syndicated Islamic term loan, bolstering its financial standing as Malaysia transitions to the subsequent stage of its dual 5G network strategy. This funding also establishes a new enduring financial framework as DNB prepares to operate under an ownership model governed by its mobile network operator (MNO) shareholders. The transaction follows Malaysia's Ministry of Finance Incorporated (MoF Inc) preparing to relinquish its ordinary shareholding in DNB, with an anticipated shift towards an equal ownership structure among CelcomDigi, Maxis Broadband, and YTL Power International by early Q4 2026. Although MoF Inc will maintain a special shareholding in DNB to protect national interests and crucial strategic matters, its involvement will gradually diminish over time. DNB's evolving shareholder composition has altered significantly in recent years, with Telekom Malaysia (TM) withdrawing its equity participation in 2023 and U Mobile divesting its stake in 2025, as the company redirected its focus towards constructing Malaysia's second 5G network. Presently, CelcomDigi, encompassed by Infranation Sdn Bhd, alongside Maxis and YTL, the parent organization of Yes 5G operator YTL Communications, remains prominent shareholders. The RM5.2 billion financing is one of the most substantial syndicated loan facilities granted to an unlisted corporation in Malaysia. Maybank Investment Bank served as the Mandated Lead Arranger, Bookrunner, and Coordinating Arranger, while AmInvestment Bank, CIMB Islamic Bank, RHB Islamic Bank, and United Overseas Bank (Malaysia) served as Joint Mandated Lead Arrangers. The loan incorporates the refinancing of DNB's Government Guarantee Revolving Credit Facility, which had terminated on September 29, 2026. The new financing constructs a sustainable, long-term funding structure to facilitate DNB's future growth and network investments. According to CelcomDigi, the financing should diminish the necessity for additional equity funding from DNB's MNO shareholders based on their current regulatory obligations and funding necessities, enabling shareholders to concentrate on enhancing the efficiency and performance of the 5G network. Concurrently, DNB secured the total 100MHz allocation in the 3.3GHz to 3.4GHz band, resulting in a total spectrum holding of 240MHz. Moreover, the MCMC converted DNB's entire spectrum holding into a Spectrum Assignment, which became effective on October 1, 2026.",
  "summary": "Digital Nasional Berhad (DNB) has secured RM5.2 billion through a syndicated Islamic term financing exercise, strengthening its financial position as Malaysia moves into the next phase of its dual 5G network framework. The financing also provides the company with a new long-term funding structure as it prepares to operate under an ownership model led by […] The post DNB Secures RM5.2 Billion…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}