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

Malaysia’s Sime eyes $1.14 bln sukuk program

Posted on 27 August 2009

From Reuters: Malaysia’s Sime Darby, the world’s top planter by landbank, plans to set up an Islamic funding programme for up to 4 billion ringgit ($1.14 billion), a senior company official said on Wednesday.

The fund-raising could could signal a revival in demand for top rated sukuk, or Islamic bonds, after issuance slumped more than 56 percent in 2008 due to the credit crunch……………Full Article: Source

 
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