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Islamic Finance Briefing - Categorized | Bonds (Sukuk), Market Moves more

Malaysia to sell $1.36 bln Islamic savings bonds

Posted on 11 March 2009

From Reuters: Malaysia will issue 5 billion ringgit ($1.36 billion) of three-year Islamic bonds this year, Deputy Prime Minister Najib Razak said on Tuesday.

The paper will have an annual return of 5 percent to be paid quarterly to bondholders, Najib said. The government announced the issue as part of a 60 billion ringgit 2-year stimulus plan aimed at helping its economy weather the global economic downturn….. Full Article: Source

 
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