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Islamic Finance Briefing - Categorized | Bonds (Sukuk), Performance more

Sarawak Sukuk success

Posted on 04 July 2011

Sarawak Energy, the state-owned electricity group, has announced its maiden Sukuk Musharakah program for RM15bn ($4.9bn), the largest single debt program ever established by a Malaysian utility company.

Proceeds are to be used for Capex and refinancing of existing debts. As a key facilitator of the state and federal governments’ plans to tap Sarawak’s energy resources via the development of the Sarawak corridor of Renewable Energy, SEB’s Sukuk take-up will ensure the success of the energy corridor……………………………………….Full Article: Source

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