Fri, Nov 22, 2019
A A A
Welcome bhaimia
RSS

Islamic Finance Briefing - Categorized | Bonds (Sukuk) more

MMC gets nod for RM470mln sukuk wakalah

Posted on 15 May 2013

MMC Corp Bhd has received nod from the Securities Commission (SC) to issue up to RM470 million of sukuk wakalah to part-finance the acquisition of operations and maintenance business of Hicom Power Sdn Bhd, for working capital and to help defray any expenses.
The approval was received on Monday via MMC’s unit Tanjung Bin O&M Bhd. MMC has within one year to issue the sukuk wakalah, in which each tranche will have a tenure of more than one year and up to 16 years from the date of issuance…………………………………..Full Article: Source

 
Article link

This post was written by:

Laxman - who has written 19160 posts on Opalesque Islamic Finance Briefing.


Contact the author

Comments are closed.

banner
banner
banner
November 2019
M T W T F S S
« May    
 123
45678910
11121314151617
18192021222324
252627282930