19.09.2014 - 1MDB said to be planning RM8.4b sukuk
1Malaysia Development Bhd (1MDB) is said to be in the midst of selling up to RM8.4 billion worth of sukuk, the largest globally so far this year. A report in Bloomberg yesterday said the sovereign wealth fund is seeking approval from the Securities Commission (SC) on the said issuance and has chosen AmInvestment Bank Bhd as the sole lead arranger and manager. Proceeds from the issuance, which would be sold through 1MDB’s 70 per cent-owned subsidiary Jimah East Power Sdn Bhd, would be used to finance the construction of a 2,000-megawatt power plant in Negri Sembilan. 1MDB initially sought to raise RM9.6 billion stateearlier this year through a listing of its energy assets, which at that time was set to be the nation’s second-biggest initial public offering (IPO)............................................Full Article: Source