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

SME Bank to raise RM3bln from sukuk issue

Posted on 04 May 2012

SME Bank plans to issue RM3 billion in sukuk to boost its funds to undertake more business especially for small and medium enterprises (SMEs), said its managing director Datuk Mohd Radzif Mohd Yunus.
He said the bank will raise the funds in stages over a three-year period, with the first tranche expected to be issued in July. The new capital will be used to finance the tourism, healthcare, wholesale, education, and oil and gas sectors………………………………………..Full Article: Source

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