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Telekom Malaysia to issue $907.7 million sukuk

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Telekom Malaysia to issue $907.7 million sukuk Empty Telekom Malaysia to issue $907.7 million sukuk

Post by Cals Fri 06 Sep 2013, 12:24

Telekom Malaysia to issue $907.7 million sukuk
Business & Markets 2013
Written by Reuters
Friday, 06 September 2013 11:45

KUALA LUMPUR (Sept 6): TELEKOM MALAYSIA BHD [] , the country's largest fixed-line and broadband operator, will issue an Islamic bond, or sukuk, of up to 3 billion ringgit ($907.72 million) in nominal value to fund its working capital, according to a statement by RAM Ratings on Friday.

Telekom, in which the Malaysian government owns a 68.6 percent stake, is supported by its dominance in the fixed-lined telephone sector and the nation's low penetration rate of 30 percent for household broadband services, said RAM Ratings. - Reuters
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