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Islamic Finance Briefing - Categorized | Bonds (Sukuk) more

SEB increases Sukuk issuance due to good response

Posted on 18 January 2012

Sarawak Energy Bhd (SEB) has raised an additional RM2.5bil, which was RM1bil more than originally planned, in Islamic debt to finance its power plants and transmission system projects.
Chief executive officer Torstein Dale Sjotveit said SEB had decided to increase the issuance of its sukuk to RM2.5bil from RM1.5bil due to overwhelming response from investors. ‚ÄúThis second issuance of RM2.5bil was heavily oversubscribed (total subscription was RM6.2bil) at very attractive rates……………………………………….Full Article: Source

 
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