Another Gulf borrower is turning to diversify its funding sources to the ringgit sukuk market. Bahrain Mumtalakat Holding is believed to be planning roadshows in Kuala Lumpur via joint leads CIMB and Standard Chartered.
It is setting up a RM3bil Murabahah programme, which was rated AA2 by RAM. An imminent deal is not expected as basis swaps are not favourable to Gulf borrowers at the moment………………………………………..Full Article: Source