KUALA LUMPUR: Sarawak Hidro Sdn Bhd, the state-owned developer of Malaysia’s biggest hydropower project, plans to offer RM5.5bil of sukuk without a government guarantee, people with knowledge of the matter said.
Sarawak Hidro, owned by the Finance Ministry, aims to sell the Islamic bonds in July and will use the proceeds to refinance existing debt, according to the people.
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