Export-Import Bank of Malaysia Bhd (Exim Bank) plans to sell Islamic bonds in the global market, the second by an Asian company in 2013 after a two-year absence. The state-owned trade finance provider invited proposals from banks to arrange US$1bil (RM3.1bil) of dollar-denominated debt for a possible second-quarter offering, said three people familiar with the deal.
The lender aimed to increase the proportion of syariah loans to 30% of the total in two years from 20% now, chief executive officer Adissadikin Ali said in an interview yesterday, declining to comment on the potential issuance………………………………………..Full Article: Source