17.11.2011 - PLUS said planning RM30bln Sukuk
PLUS Expressways Bhd, Malaysia’s biggest toll-road operator, plans a RM30 billion (US$9.5 billion) Islamic bond program to fund expansion plans after a takeover, two people familiar with the matter said. Marketing of the Shariah-compliant bonds, or sukuk, may begin either late this year or in early 2012, said the people, who declined to be named as the information is confidential. PLUS currently holds US$3.9 billion of bonds mostly falling due by 2024, according to data compiled by Bloomberg............................................Full Article: Source
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