Wednesday, September 20, 2006

Sabah Ports to offer US$40 million in sukuk

"Sabah Ports proposes RM150 m Islamic securities", The Edge Daily, September 20, 2006

Sabah Ports, the Malaysian port terminal operation will issue RM150 million (US$40 million) in Islamic bonds (sukuk) to finance capital expenditures. The issue will have maturity lengths between 3 and 10 years with a Murabaha (cost-plus) underwritten issue of RM70 million (US$19 million) with a maturity of 7 years.

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