Home › Business › Business News
Monday, 28 October 2013
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.
Attractive MJC City offers at property roadshow
ADB trims forecasts for developing Asia
Gold gains as Fed takes ‘patient’ stance on rate hike
IBM says cloud business enjoying "breakthrough year"
Malindo Air targets to have fleet of 100 aircraft in 10 years
Ladies, time to stand up and fight for your man
Looking out for your ears
Remembering Tsunami 2004: No end to pain for family that lost five children
Manchester City primed to pounce on leaders Chelsea
Record-breaking ball drop at Lebua, Bangkok for New Year
Copyright © 1995-2014 Star Publications (M) Bhd (Co No 10894-D)