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Islamic Finance Briefing - Categorized | Bonds (Sukuk), Market Moves more

Kesturi completes restructuring exercise of Sukuk Istisna

Posted on 11 November 2010

From Bernama: Konsortium Lebuhraya Utara-Timur (KL) Sdn Bhd (Kesturi) has completed a restructuring exercise of its RM780 million Sukuk Istisna.
In a statement on Wednesday, Kesturi said the exercise involved buyback and cancellation of the sukuk with a new issuance of up to RM820 million Sukuk Musyarakah medium-term notes programme and RM500 million redeemable junior bonds……………………………………….Full Article: Source

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