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

PAAB plans to raise RM20b from Islamic bond sale

Posted on 08 October 2009

From Btimes.com.my: Pengurusan Aset Air Bhd (PAAB), the water asset management arm of Minister of Finance Inc, plans to raise up to RM20 billion from an Islamic bond sale to fund working capital, develop water infrastructure and refinance existing loans.

The sukuk - the largest water-related bond programme ever in Malaysia - has the highest long-term rating of AAA and the highest short-term rating of P1 by RAM Rating Services Bhd……………….Full Article: Source

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