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Islamic Finance Briefing - Categorized | Bonds (Sukuk), Property, Projects, Infrastructure more

Malaysia’s UEM Land to raise $657 mln with Islamic bonds

Posted on 04 December 2012

The property developer arm of Malaysia’s sovereign fund Khazanah Nasional Bhd will issue Islamic bonds worth up to 2 billion ringgit ($657.95 million) to fund working capital, repay debts and redeem its convertible preference shares.
The Islamic bonds are UEM Land Holdings Bhd’s first debt issue, and could go towards the development of its projects in Nusajaya, a new economic district to the south of the capital, Kuala Lumpur………………………………………..Full Article: Source

 
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