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Islamic Finance Briefing - Categorized | Bonds (Sukuk) more

PAAB Islamic notes upsized on strong demand

Posted on 27 January 2011

From Thestar.com.my: Pengurusan Aset Air Bhd (PAAB) issuance of Islamic medium-notes was successfully priced and upsized to RM2.7bil from RM2.5bil due to strong demand from investors. These are issued under its RM20bil nominal value sukuk programme guaranteed by the Government.
The sukuk, carries a semi-annual profit rate of 3.64% per annum for the three-year tranche, 3.92% per annum for the five-year tranche and 4.43% per annum for the 10-year tranche……………………………………….Full Article: Source

 
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Laxman - who has written 19160 posts on Opalesque Islamic Finance Briefing.


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