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Islamic Finance Briefing - Categorized | Bonds (Sukuk), New Launches more

Batu Kawan proposes RM500mln Sukuk programme

Posted on 07 May 2013

Batu Kawan Bhd has proposed to raise up to RM500mil from an Islamic medium-term notes Sukuk programme. It said on Monday the Securities Commission had approved the Sukuk programme which would have a tenure of 10 years.
“Proceeds from the Sukuk programme will be utilised by the company to finance its Shariah-compliant investments, general corporate purposes (including operational and capital expenditure requirements) and working capital needs,” it said………………………………………..Full Article: Source

 
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