| 1Malaysia Development Bhd (1MDB) plans to sell as much as RM8.4 billion of Islamic bonds, the world’s biggest offering of sukuk in 2014, said two people familiar with the matter.
The sovereign wealth fund, whose debt has tripled in two years, is seeking approval from the Securities Commission Malaysia (SC) for the sale, said the people who asked not to be named because the information is private. The proceeds will be used to help fund construction of a 2,000MW plant in Negri Sembilan, they said..............................................Full Article: Source
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