07.05.2013 - Batu Kawan proposes RM500mln Sukuk programme
Batu Kawan Bhd has proposed to raise up to RM500mil from an Islamic medium-term notes Sukuk programme. It said on Monday the Securities Commission had approved the Sukuk programme which would have a tenure of 10 years. “Proceeds from the Sukuk programme will be utilised by the company to finance its Shariah-compliant investments, general corporate purposes (including operational and capital expenditure requirements) and working capital needs,” it said...............................................Full Article: Source
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