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Islamic Finance Briefing - Categorized | Bonds (Sukuk), New Launches more

Encorp unit to issue RM1.58 bln Islamic bonds

Posted on 09 March 2012

Builder Encorp BHD plans to issue up to RM1.58 billion worth of Islamic bonds to refinance the builder and property developer’s existing debt obligations.Encorp said the exercise will be undertaken via indirect unit Encorp Systembilt Sdn Bhd (ESSB).
“The proposed ESSB Sukuk Murabahah issue will be issued in one lump sum and in tranches with tenures of up to 16 years from the issuance date. The profit rates for each tranche of the proposed ESSB sukuk Murabahah issue shall be determined prior to the issuance,” Encorp said………………………………………..Full Article: Source

 
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