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

New sukuk issue to refinance DUKE debt

Posted on 09 August 2010

From Btimes.com.my: The owner of the Duta-Ulu Kelang Expressway (DUKE) plans to restructure its RM780 million debt to rectify its funding-concession mismatch, and has approached Danajamin Nasional Bhd to ensure the success of its new Islamic bond.
“There is a need for a new sukuk issuance as there’s a mismatch between the asset and the company’s financing requirements,” said a source familiar with the latest proposed issuance……………………………………….Full Article: Source

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