×

MALAYSIA-PRESS-DanaInfra to issue 1.5 bln rgt sukuk by mid-November-Malaysian Reserve

DanaInfra Nasional Bhd is finalising plans to issue a 1.5 billion ringgit ($490.6 million) sukuk tranche by mid-November to finance the Sungai Buloh-Kajang (SBK) mass rapid transit (MRT) line, with one portion to be marketed as retail bond as raised in the federal budget for 2013 announced last week.

The issuance, part of the 8 bln ringgit Islamic commercial papers/Islamic medium-term notes (ICP/IMTN) programme signed in early July, will see one fifth of the value, or 300 mln ringgit, being floated as a retail bond, said an official involved in the issuance.

---- PREVIOUS ITEMS:

Petronas in talks with Keppel on Pengerang power plant-The Star

---- UEM to sell Time by end of 2012-Business Times ---- Malaysia to cut palm oil export tax-Business Times ----

NOTE: Reuters has not verified this story and does not vouch for its accuracy.

((Kuala Lumpur newsroom, +603 2333-8046, fax +603 2161-3340, areuters@gmail.com))

(Reuters)

Keywords: MALAYSIA PRESS/