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Malaysia’s DRB Hicom says to undertake $576.9 mln sukuk prog

Posted on 03 November 2011

Malaysia’s DRB Hicom Bhd said in a filing to the stock exchange on Tuesday that it has proposed to establish a 1.8 billion ringgit ($576.9 million) Islamic sukuk programme with a tenure of up to 15 years.
DRB Hicom, a Malaysian automotive player, said it mandated Maybank Investment Bank Bhd as the principal adviser and arranger for the sukuk, which was assigned a preliminary rating of AA by the Malaysian Rating Corp Bhd………………………………………..Full Article: Source

 
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