Court decision rattles bond market


The Federal Court’s recent decision in the Pesaka Astana bonds case has rattled the bond market.

Last month, the court ruled inter alia that the lead arranger (KAF Investment Bank Bhd) for the RM140mil bonds issued back in 2004, had rightfully excluded liability relating to the veracity of information contained in the information memorandum, according to court documents.

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Business , federal court , pesaka , info memo

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