IMO the IDSB deal provides a lot:1. It provides maturity to the...

IMO the IDSB deal provides a lot:

1. It provides maturity to the portfolio, hopefully enough to secure a debt facility.
2. Access to consistent annual income.
3. Cross-selling to low risk clients.
4. The lending license.

I could probably speculate many more minor things, but ultimately on paper these things should outweigh the 10 year catch-up of the slow asset purchase.

The fact that IDSB is a government entity with no risk speaks volumes as well, but I do welcome the criticisms about the purchase. It definitely wasn't as aggressive as we would of liked to see with the 50m. But then again, the aggressive nature of the business was obviously severely hampered by the pandemic. Aside from this I'm sure there is a lot more going on in the background yet to be set in stone, as you would know Kev, Malaysia is very insular, and the connections from these types of business ventures only cement IOU further into the sector.