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NewsBNM: No objection to BIMB's proposed acquisition of remaining stake in Bank Islam
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BNM: No objection to BIMB's proposed acquisition of remaining stake in Bank Islam
by Cals Mon 02 Sep 2013, 19:38
BNM: No objection to BIMB's proposed acquisition of remaining stake in Bank Islam
Business & Markets 2013
Written by Bernama
Monday, 02 September 2013 19:28
KUALA LUMPUR (Sept 2): Bank Negara Malaysia (BNM) has no objection to BIMB HOLDINGS BHD []'s proposed acquisition of the remaining 49 per cent stake of Bank Islam Malaysia Bhd.
In a filing to Bursa Malaysia today, BIMB said the proposed charge over Bank Islam shares it held as security for the proposed sukuk, cannot be considered by BNM.
"Nevertheless, BNM has requested BIMB to source and notify it on suitable alternatives assets as security for the proposed sukuk," it said.
BIMB said it was considering the options in relation to the security for the proposed sukuk.
Earlier, BIMB has proposed to issue 10-year Islamic securities of upto RM2.2 billion, to raise an indicative gross proceeds of upto RM1.47 billion.
Business & Markets 2013
Written by Bernama
Monday, 02 September 2013 19:28
KUALA LUMPUR (Sept 2): Bank Negara Malaysia (BNM) has no objection to BIMB HOLDINGS BHD []'s proposed acquisition of the remaining 49 per cent stake of Bank Islam Malaysia Bhd.
In a filing to Bursa Malaysia today, BIMB said the proposed charge over Bank Islam shares it held as security for the proposed sukuk, cannot be considered by BNM.
"Nevertheless, BNM has requested BIMB to source and notify it on suitable alternatives assets as security for the proposed sukuk," it said.
BIMB said it was considering the options in relation to the security for the proposed sukuk.
Earlier, BIMB has proposed to issue 10-year Islamic securities of upto RM2.2 billion, to raise an indicative gross proceeds of upto RM1.47 billion.
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