Sime Darby Bhd, the world’s biggest listed palm oil producer, is planning its first multi-currency Islamic bond programme of as much as US$1.5bil in Malaysia to raise funds for capital expenditure.
“We are having ongoing discussions with bankers,” Tong Poh Keow, the group chief financial officer, said in an interview in Kuala Lumpur yesterday. “The first issuance will likely be in dollars.” The group, which also has interests in industries ranging from property to heavy machinery in more than 20 countries, has total debt of RM3.3bil, according to data compiled by Bloomberg……………………………………….Full Article: Source