Taliworks Corp Bhd , a Malaysian water and waste management company, said on Tuesday its 55 percent subsidiary Cerah Sama Sdn Bhd received regulatory approval to sell 750 million ringgit ($247.16 million) worth of Islamic bonds.
The country’s securities commission approved the bond issue by Cerah Sama, which owns and operates the concession for a 11-kilometer highway in the country’s capital. “Proceeds will be utilised to refinance existing medium-term notes, finance investments, working capital requirements and general corporate purposes,” Taliworks said………………………………………..Full Article: Source