Home > Business > Business News
Monday October 28, 2013 MYT 7:16:00 PM
Monday October 28, 2013 MYT 7:25:26 PM
KUALA LUMPUR: Malaysia Building Society Bhd (MBSB) and its unit plan to undertake up to RM7bil Sukuk programme.
MBSB said on Monday it proposed to set up a 15-year structured covered Sukuk commodity Murabahah programme of up to RM3bil which is part of its fundraising exercise.
It also said its unit Jana Kapital Sdn Bhd proposed to set up a 16-year Sukuk commodity Murabahah programme of up to RM4bil.
MBSB said it holds the shares in Jana Kapital on trust for a charitable organisation.
“The proposed establishment of the Sukuk Murabahah programme is to facilitate the issuance of structured covered Sukuk under the structured covered Sukuk programme,” it said.
MBSB said the two programmes were approved by the Securities Commission via its letters dated Oct 25.
Tags / Keywords:
Business News, Investing
MBSB, unit plan RM7bil sukuk
THP issues RM370mil sukuk
China Has Conditions To Achieve Full-Year Growth Target
TH Heavy Engineering proposes RM170m Sukuk
RAM Ratings downgrades Lebuhraya Kajang-Seremban’s RM633m junior Sukuk
What to expect from Budget 2015
First 2 CMQIP factories to be ready soon
On the cusp of change
E&O counts on Seri Tanjung Pinang 2 for growth
Hap Seng jumps on the bandwagon
Kitchen cabinet maker expanding production facilities
Selangor MB crisis: Saari to Hadi - 'Show proof I was bought over'
Opportunists cash in on delayed iPhone launch in China
Rosberg retires from Singapore Grand Prix
Copyright © 1995-2014 Star Publications (M) Bhd (Co No 10894-D)