Sunday, July 29, 2007

Malaysia's Naim Plans 500 Million Ringgit Islamic Debt Sale for Projects

(Bloomberg) -- Naim Cendera Holdings Bhd., a
Malaysian construction company, plans to sell debt for the first
time this year to fund property purchases and construction
projects in the country's largest state.

The company, based in Kuching, Sarawak, the biggest
Malaysian state by land area, plans to sell 500 million ringgit
($144 million) of Islamic debt in September, Deputy Managing
Director Sharifuddin Wahab said. CIMB group will manage the sale.


Read more at Bloomberg Bonds News

No comments: