Business News

Published: Thursday December 5, 2013 MYT 7:10:00 PM
Updated: Thursday December 5, 2013 MYT 7:11:54 PM

S P Setia gets SC nod for RM700m Sukuk programme

KUALA LUMPUR: S P Setia Bhd has received the Securities Commission’s approval for a proposed Sukuk Musharakah programme of up to RM700mil in nominal value.

The property company said on Thursday the programme was set up to raise funds as and when required which include investments and working capital.

The Sukuk Musharakah will not be rated.

Hong Leong Investment Bank Bhd, RHB Investment Bank Bhd and CIMB Investment Bank Bhd have been appointed as joint principal advisers and joint lead arrangers for the Sukuk programme.

Tags / Keywords: Business News, Investing