22.04.2013 - Petronas Dagangan gets nod for RM2bln sukuk
Petronas Dagangan Bhd has received the Securities Commission's (SC) nod to set up its first sukuk programme of up to RM2 billion to fund capital expenditure, for working capital and/or general corporate purposes which are syariah-compliant. The sukuk programme will have a tenure of seven years from the date of first issuance of the Sukuk Murabahah, provided that the first issuance will be made within two years from the date of the SC approval. Petronas Dagangan said the sukuk programme will allow it the flexibility to access short term and medium term financing from the debt capital markets...............................................Full Article: Source
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