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PAAB said to market Islamic bonds

Posted on 26 January 2011

From Btimes.com.my: Pengurusan Aset Air Bhd (PAAB), the state-owned company in charge of Malaysia’s water services industry, is marketing RM2.5bil of Islamic bonds, according to a person with direct knowledge of the matter.
The company told investors it plans to price RM1bil of three-year sukuk and a similar amount of five-year notes to yield between 35 basis points and 38 basis points more than Malaysian government debt, said the person, who asked not to be identified because the information is private……………………………………….Full Article: Source

 
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