PETALING JAYA: Petronas Dagangan Bhd
(PetDag) has lodged the necessary documents and information with the Securities Commission for its proposed RM10bil worth Islamic commercial papers (ICP) programme and Islamic medium term notes (IMTN) programme.
In a filing with Bursa Malaysia yesterday, PetDag said the instruments would be based on the syariah principle of wakalah bi al-istithmar.
The proceeds raised will be used for investment purposes, capital expenditure and working capital as well as refinance existing borrowings/financing and/or future financing.
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