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Islamic Finance Briefing - Categorized | Bonds (Sukuk), Compliance, Tax, Legal, Regulatory more

PetGas unit’s RM1.2bln sukuk approved by SC

Posted on 17 July 2012

Petronas Gas Bhd’s (Pet- Gas) subsidiary, Kimanis Power Sdn Bhd, has received approval from the Securities Commission (SC) for the proposed issuance of up to RM1.16 billion nominal value Islamic securities.
In an exchange filing last Friday, the natural gas supplier said that the sukuk programme, rated AA- by the Malaysian Rating Corp Bhd, will have a tenure of 16 years from the date of first issue of the Sukuk Kimanis under the sukuk programme……………………………………….Full Article: Source

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