Konsortium Butterworth-Kulim Sdn Bhd (KBKSB), a subsidiary of MMC Corp Bhd, plans to issue Secured Bai Bithaman Ajil Islamic Debt Securities (BaIDS) worth up to US$65 million (RM247 million).
KBKSB, the operator of a toll road linking Penang and Kedah will use the BaIDS's to refinance the consortium’s outstanding syndicated term-loan facility. The proposed BaIDS are structured in 25 series, with maturities ranging from one year to 17 years from the date of issuance.
Source: www.IslamicFinanceNews.com |
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