KUALA LUMPUR: Boustead Holdings Bhd has announced the formal establishment of a junior Islamic medium term note programme of up to RM1.2bil in nominal value, said the issuance is timely since it allows the company to raise the required funds as and when required.
The company, which received the nod from the Securities Commision Malaysia (SC) on Nov 15, 2013, said the junior sukuk programme entailed the issuance of hybrid equity in the form of perpetual junior sukuk.
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