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Business 08 Jul 2005 | 12:00 AM

CIMB working on Sukuk in Brunei

BARELY a week after Commerce International Merchant Bankers Bhd (CIMB) announced it had secured an investment banking licence in Brunei, its Islamic banking unit is working with a Brunei client to help issue a US$300mil (RM1.1bil) Sukuk (Islamic bonds) facility that may be the first by a local company in the oil kingdom.