Sarawak Energy Bhd (SEB) plans to borrow an additional RM1.5bil in January 2012 in the form of Islamic debt (sukuk) under its RM15bil Sukuk Musyarakah Programme. This is in addition to its issuance of RM3bil of sukuk in June this year which was oversubscribed by three times.
The RM1.5bil obtained next year would be used by SEB to fund the progress payments of some of its power plants and transmission lines currently being constructed as well as other capital expenditure requirements, the company said. It had presented its plans for existing and potential investors here………………………………………..Full Article: Source