22.11.2012 - Bolton ready to expand, raises RM370mln from sukuk
Bolton Bhd has inked two agreements to raise fresh funds amounting to RM370mil to expand its business where the property outfit is now well poised to expand its landbank in areas where property, especially residential is in high demand. The funds were made up of RM230mil Islamic medium-terms notes programme guaranteed by Danajamin Nasional Bhd and a RM140mil revolving credit facility by Affin Bank Bhd. The proceeds of Bolton's inaugural sukuk issuance will be largely utilised to finance land acquisitions while the five-year revolving credit facility would be used mainly for project financing...............................................Full Article: Source
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