Tue, Aug 4, 2020
A A A
Welcome bhaimia
RSS

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

Bahrain’s Mumtalakat issues RM3bln sukuk

Posted on 02 August 2012

Mahmood Al KoohejiBahrain’s Mumtalakat Holdings has issued a 20-year RM3 billion medium-term sukuk programme, with the proceeds raised to be used partly to pay off its existing debt. The issuance is part of Mumtalakat’s strategy to proactively manage its long-term refinancing and debt maturity profile.
Prior to the issuance, Mumtalakat said it had secured a strong investment grade rating of “AA2″ from RAM Ratings Bhd. Mumtakalat chief executive officer Mahmood Al Kooheji said it sought the rating as part of its objective to pursue the highest level of transparency and provide platforms to keep institutional investors informed about it here and in Bahrain………………………………………..Full Article: Source

 
Article link

This post was written by:

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


Contact the author

Comments are closed.

banner
banner
banner
August 2020
M T W T F S S
« May    
 12
3456789
10111213141516
17181920212223
24252627282930
31