14.06.2012 - Malaysiaís Education Fund PTPTN raises $786 mln through Islamic bond sale
Malaysiaís National Higher Education Fund Corp. sold 2.5 billion ringgit ($786 million) of government-guaranteed Islamic debt, two people with knowledge of the matter said. The 10-year sukuk, or securities that pay returns on assets to comply with Islamís ban on interest, were privately placed and yielded 3.83 percent yesterday, said the people who didnít want to be named because the information is private. The Kuala Lumpur-based corporation, known locally as PTPTN, provides financing for students eligible for higher education...............................................Full Article: Source
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