Malaysia's Kuala Lumpur Kepong plans $319 mln Islamic bonds issuance
KUALA LUMPUR Aug 1 (Reuters) - Malaysian plantation firm Kuala Lumpur Kepong Bhd (KLK) said on Wednesday it plans to sell up to 1 billion Malaysian ringgit ($319.5 million) worth of Islamic bonds.
The company said it obtained on Tuesday the regulatory approval for the fund-raising exercise, which comes in the form of multi-currency Islamic medium-term notes.
The programme has been assigned a preliminary long-term rating of 'AA1' or 'stable' outlook by RAM Rating Services Bhd, KLK added.
CIMB Investment Bank Bhd and Maybank Investment Bank Bhd are the joint principal advisers, joint lead arrangers and joint lead managers for the programme, according to KLK. ($1 = 3.1295 Malaysian ringgit) (Reporting By Yantoultra Ngui; editing by Stuart Grudgings)
- Tweet this
- Share this
- Digg this
- Special Report: Why Madrid's poor fear Goldman Sachs and Blackstone
- UPDATE 6-Doctor with Ebola in NY hospital, nurse declared virus-free
- Gold sales jump about 20 pct for Diwali - trade body
- UPDATE 3-Ford's lower profit beats estimates; sales down on F-150 launch
- Three major nations absent as China launches W.Bank rival in Asia