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Malaysia’s KLCC Property to issue Islamic notes

Posted on 16 September 2011

Malaysia’s KLCC Property Holdings Bhd said on Thursday that 2 of its units will issue an 880 million ringgit ($285.9 million) Islamic medium-term notes programme.

KLCC said proceeds raised from the sukuk programme will be used by one of its units, Midciti Resources Sdn Bhd to purchase and cancel its existing debt securities which were utilised for Shariah-compliant purposes……………………………………….Full Article: Source

 
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Laxman - who has written 19163 posts on Opalesque Islamic Finance Briefing.


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