Eversendai Corp Bhd’s proposed issuance of Islamic commercial papers and/or Islamic medium-term notes (sukuk musharakah) under a sukuk musharakah programme of up to RM500mil in nominal value has been approved by the Securities Commission.
In a filing with Bursa Malaysia, Eversendai said the tenure of the sukuk programme would be for seven years from the date of the first issue………………………………………..Full Article: Source