Mah Sing to issue RM100mil sukuk

In a filing with Bursa Malaysia, the property developer said the Islamic medium-term notes may be issued on a direct or private placement on a best effort basis without a prospectus to investors.

KUALA LUMPUR: Mah Sing Group Bhd plans to issue up to RM100mil nominal value of seven-year redeemable convertible sukuk murabahah for investments and working capital purposes.

In a filing with Bursa Malaysia, the property developer said the Islamic medium-term notes may be issued on a direct or private placement on a best effort basis without a prospectus to investors.