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

JCorp to issue RM3bln Sukuk to redeem bonds

Posted on 13 April 2012

Johor Corp Group (JCorp) will issue RM3 billion worth of sukuk wakalah to redeem the final series of bonds issued in 2002, which matures on July 31. The sukuk issuance is expected in May with the underlying assets being crude palm oil and syariah-compliant shares, and JCorp is looking at five, seven and 10-year terms.
Its president and CEO Kamaruzzaman Abu Kassim said several local investment banks have been shortlisted for the corporate exercise………………………………………..Full Article: Source

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