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LBS Bina saves via early sukuk redemption

Posted on 02 August 2012

LBS Bina Group Bhd said it has made an early settlement by redeeming and cancelling its entire tranche 4 of the sukuk programme valued at RM20 million. The tranche 4 is part of the RM135 million sukuk programme which is guaranteed by Danajamin Nasional Bhd.
The early redemption was 348 days ahead of its maturity date of July 15 2013 and had contributed to a cost savings of about RM860,000………………………………………..Full Article: Source

 
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Laxman - who has written 19160 posts on Opalesque Islamic Finance Briefing.


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