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

Malaysia Airlines mulls $800 mln Islamic bond issue

Posted on 23 May 2012

Loss-making Malaysia Airlines on Tuesday said it planned to raise up to 2.5 billion ringgit ($800 million) in Islamic bonds as part of an ambitious plan to escape financial difficulties.
In February the flag carrier said it lost 2.52 billion ringgit last year largely due to soaring fuel costs, admitting it was “in crisis”. The new funding plan comes after budget carrier AirAsia and Malaysia Airlines scraped their controversial share swap deal early this month………………………………………..Full Article: Source

 
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