25.04.2011 - Ranhill gets SC nod for sukuk
Engineering and construction group Ranhill Bhd has received approval from the Securities Commission for the issuance of Sukuk Musharakah of up to RM800 million. Proceeds will be used to finance the US$220 million guaranteed notes issued by Ranhill (L) Ltd and to on-lend to the company for reimbursement of advances to Ranhill Engineers and Constructors Sdn Bhd to complete the construction of Senai-Desaru Expressway.............................................Full Article: Source
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