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

Malaysia’s Khazanah in $1.1 bln Islamic debt sale

Posted on 04 August 2010

From Reuters: Malaysian state investor Khazanah plans to sell S$1.5 billion ($1.1 billion) in Islamic bonds or sukuk maturing in five and 10 years, sources involved in the debt deal said on Tuesday.
Bankers said Khazanah plans to use the funds to buy sharia-compliant assets as well as to refinance existing debt. The sale comes a week after Khazanah trumped India’s Fortis Healthcare in a takeover battle for Singapore’s Parkway Holdings in a deal that could cost the state firm S$3.5 billion……………………………………….Full Article: Source

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Laxman - who has written 19163 posts on Opalesque Islamic Finance Briefing.


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