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

Danainfra markets RM2.4bln subway sukuk

Posted on 10 July 2012

Danainfra Nasional Bhd, a Malaysian state-owned company, started marketing RM2.4 billion (US$753 million) of Islamic bonds to yield 20 to 33 basis points over similar-maturity local government bonds, two people familiar with the matter said.
The Kuala Lumpur-based firm, formed to fund development projects, is offering the syariah-compliant securities in four portions with maturities of seven, 10, 12 and 15 years, said the people, who couldn’t be named as the information is private. Proceeds will be used to help finance construction of a subway in the country’s capital………………………………………..Full Article: Source

 
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