Bursa Alert
Global Market
NewsBIMB plans RM1.7bil sukuk
Page 1 of 1
BIMB plans RM1.7bil sukuk
by hlk Tue 10 Dec 2013, 08:55
Kala Lumpur: BIMB Holdings Bhd will issue a RM1.7bil Islamic bond next year to help raise the US$884mil (RM2.84bil) it needs to buy the remainder of Bank Islam Malaysia Bhd, the country’s oldest and largest stand-alone Islamic bank.
The 10-year sukuk will be sold in May 2014 to Lembaga Tabung Haji, BIMB’s biggest stakeholder, in a private placement, a filing with Bank Negara yesterday showed.
BIMB’s plans were initially rejected by the central bank due to a proposal to secure the sukuk with shares of the company.
BIMB in August announced plans to acquire the 49% stake it did not own in Bank Islam held by Dubai Group and Tabung Haji. – Reuters
The 10-year sukuk will be sold in May 2014 to Lembaga Tabung Haji, BIMB’s biggest stakeholder, in a private placement, a filing with Bank Negara yesterday showed.
BIMB’s plans were initially rejected by the central bank due to a proposal to secure the sukuk with shares of the company.
BIMB in August announced plans to acquire the 49% stake it did not own in Bank Islam held by Dubai Group and Tabung Haji. – Reuters
hlk- Moderator
- Posts : 19013 Credits : 45112 Reputation : 1120
Join date : 2009-11-14
Location : Malaysia
Similar topics» BNM rejects BIMB's planned sukuk for Bank Islam buy
» Tenaga climbs, plans RM3.7b Sukuk
» Tenaga climbs, plans RM3.7b Sukuk
» Axiata plans airtime sukuk (6888)
» Jakarta to issue US$15.7bil bonds
» Tenaga climbs, plans RM3.7b Sukuk
» Tenaga climbs, plans RM3.7b Sukuk
» Axiata plans airtime sukuk (6888)
» Jakarta to issue US$15.7bil bonds
Page 1 of 1
Permissions in this forum:
You cannot reply to topics in this forum|
|
|