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

SME Bank issues RM3bln govt-guaranteed sukuk

Posted on 24 July 2012

Small and Medium Enterprises Bank Bhd (SME Bank) will issue a RM3 billion government- guaranteed Islamic medium-term notes programme (IMTN) with a tenure of up to 20 years for its Shariah- compliant working capital requirements.
Its managing director (MD) Datuk Mohd Radzif Mohd Yunus said the first issuance of the IMTN programme would employ the wakalah structure, an investment structure that was widely accepted in the Gulf Cooperation Council (GCC) region………………………………………..Full Article: Source

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