Published: 2009/05/29
PLUS Expressways Bhd, Malaysia’s biggest toll road operator, sold RM600 million (US$171 million) of Islamic bonds to repay maturing debt. The Kuala Lumpur-based company sold so-called Musharakah sukuk due May 2023 with help from CIMB Investment Bank Bhd, according to data compiled by Bloomberg.
The zero-coupon bonds were priced to yield 6 per cent, according to a person with direct knowledge of the deal, who asked not to be identified as they’re not authorised to speak on the matter. A Musharakah is a type of trust certificate based on a profit-sharing contract that complies with syariah law’s ban on interest and speculation. -- Bloomberg
About Me
- Nuang
- Ibrahim bin Ramli@Nuang started his career with CIMB Wealth Advisors Berhad as Agency Manager in April, 2008.Previously he was an Internal Auditors and Accounts Executive with Perodua Sales Sdn Bhd since 17 August, 1994. His background:- 1.Certified of Achievement for Master Sales Leadership from Dr Lawrence Walter Ng of President of The Art Of Learning and International Of Learning Without Learning 2.Certified for eXtra Ordinary Performance of Lawrence Walter Award Certificate for One Million Ringgit Club 2007 3. Certified Life & General insurances 4. Conferred with Diploma in Business Studiess & Bachelor of Business Admin(Hons)Finance from UiTM, Terengganu Branch & Shah Alam respectively;
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