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Malaysian road Sukuk shunned on restructuring

Posted on 27 September 2010

From Bloomberg: Hong Leong Islamic Bank Bhd. and Manulife Asset Management (Malaysia) Sdn. say they are avoiding some toll-road Islamic debt in Malaysia after two highway operators submitted debt restructuring plans this year.
Senai-Desaru Expressways Bhd., the builder of Malaysia‚Äôs third-longest highway, plans to conclude talks on reorganizing 1.46 billion ringgit ($471 million) of debt by year end, Chief Executive Officer Mustaza Salim, said……………………………………….Full Article: Source

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