Friday, September 22, 2006

Malaysian construction firm KL Sentral to issue Islamic bonds in October

"Malaysia KL Sentral to sell 700m rgt bonds - source", Yahoo! Asia News, September 22, 2006

"Malaysian construction firm Kuala Lumpur Sentral Sdn Bhd plans to sell about 700 million Malaysian ringgit ($191 million) worth of Islamic bonds". The bonds would be for refinancing the company's debt and would have maturities up to 7 years. The company is working with HSBC and the Kuwait Finance House on the issue. According to the article, Islamic (Shari'ah-compliant) bonds made up three quarters of all bond issues in Malaysia.

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