Golden Agri-Resources Ltd. (E5H.SG) Monday said it has sold 1.5 billion Malaysian ringgit (US$489 million) of five-year Islamic medium term notes at a profit rate of 4.35% per annum, according to a company announcement.
The net proceeds raised from the issuance, the company’s first Sukuk, or Islamic notes, will be utilized for the company’s general corporate purposes which are in compliance with Shariah principles, Golden Agri said in a statement to Singapore Exchange………………………………………..Full Article: Source