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Malaysia’s Education Fund PTPTN raises $786 mln through Islamic bond sale

Posted on 14 June 2012

Malaysia’s National Higher Education Fund Corp. sold 2.5 billion ringgit ($786 million) of government-guaranteed Islamic debt, two people with knowledge of the matter said.
The 10-year sukuk, or securities that pay returns on assets to comply with Islam’s ban on interest, were privately placed and yielded 3.83 percent yesterday, said the people who didn’t want to be named because the information is private. The Kuala Lumpur-based corporation, known locally as PTPTN, provides financing for students eligible for higher education………………………………………..Full Article: Source

 
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