From Ifre.com: Kencana Petroleum is preparing to sell Malaysia’s first Islamic bonds to be credit-wrapped by government-owned Danajamin. AmInvestment Bank clinched the mandate on the deal which will be a high-profiled deal that will be watched by the industry on how a Danajamin guarantee will benefit lower-rated issuers.
Because it is the first Danajamin-guaranteed deal, the borrower and its lead are expected to ensure that all the bases will be covered before it is launched. The earliest date is penned for the middle of May. Kencana is eyeing a sale of M$250m (US$78m) of seven-year notes…………………………………..Full Article: Source