MDV plans to issue RM1bil sukuk in Q4

KUALA LUMPUR: Technology financier Malaysia Debt Ventures Bhd (MDV) plans to raise RM1bil via sukuk in the fourth quarter of this year in an effort to increase its lending ability including to start-ups.

Managing director and chief executive officer Datuk Md Zubir Ansori Yahaya said the new sukuk issuance, the company’s second Islamic bond issuance, would likely have a government-guarantee status.