SocGen is expected to use proceeds on expanding its operations in the Middle East.
SINGAPORE: Societe Generale, France’s third largest bank by assets, will set up a RM1bil multi-currency sukuk (Islamic bonds) programme in Malaysia, the second conventional bank to do so in as many weeks.
Sukuk is growing in popularity as a funding choice for corporates and sovereigns across the globe, with Malaysia a preferred jurisdiction as the largest and most liquid Islamic capital market.
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