Malaysia plans to sell at least 2 billion ringgit ($636 million) of Islamic bonds to help finance the first phase of construction of a mass railway in Kuala Lumpur, two people familiar with the matter said.
Dana Infra Sdn., a company formed by the country’s finance ministry to fund development projects, may increase the offering to 3 billion ringgit if there’s sufficient demand, said the people, who declined to be named as the information is private. No date has been fixed for the sale because of Europe’s debt crisis and marketing may start as early as June, they said………………………………………..Full Article: Source