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

Indonesia’s Apexindo cancels sukuk bond issue

Posted on 08 June 2009

From Reuters: Indonesian drilling firm PT Apexindo Pratama Duta Tbk APEX.JK cancelled plans to raise 250 billion rupiah ($25 million) from an Islamic-compliant bond issue, an official at the firm said on Friday.

The firm had planned to raise 500 billion rupiah from the sale of conventional bonds and a further 250 billion rupiah from an ijarah sale-and-leaseback sukuk, with the proceeds intended for working capital…….Full Article: Source

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


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