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Islamic Finance Briefing - Categorized | Banking, Financial Instruments (Credit Cards, Debts, Loans, Mort more

Bank Muamalat Indonesia to sell $50mln of Islamic notes

Posted on 25 July 2011

PT Bank Muamalat Indonesia, the nation’s oldest shariah-compliant lender, said it will offer $50 million of dollar-denominated Shariah-compliant bonds in the fourth quarter of this year.
“The medium-term note sale will be a bilateral arrangement with a foreign bank in Malaysia,” Chief Financial Officer Hendiarto said at a press briefing in Jakarta. The sukuk will have a tenor of not more than five years……………………………………….Full Article: Source

 
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