18.04.2012 - JCorp Sukuk may yield less than AAA issuers
Johor Corp, an unrated Malaysian investment company, will probably pay less than AAA issuers to sell US$976 million of sukuk on local-government guarantees, according to MCIS Zurich Insurance Bhd and Bangkok Bank Bhd. Johor Corp, which defaulted on its debt in 2001, may price the 10-year Islamic notes to yield 30 basis points more than non-Islamic sovereign bonds, equivalent to 3.83 per cent , the Kuala Lumpur-based units of MCIS Zurich and Bangkok Bank say...............................................Full Article: Source
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