| From Thestar.com.my: Antara Steel Mills, a subsidiary of Lion Group in Malaysia, wants to raise 300 million ringgit ($98.3 million) by issuing sukuk — bonds which are compliant with Islamic law — to fund working capital.
Through the Islamic securities programme, Lion Industries said in a filing with Bursa Malaysia that Antara would have cash inflow of RM300mil, of which RM130mil would be utilised to refinance the outstanding existing Islamic securities which were issued by Antara in 2005..............................................Full Article: Source
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