Malaysia's Windsor Trade Sdn Bhd will build and operate an integrated barter trade terminal in Sandakan, Sabah.
The terminal, which will be developed on 46 acres in the Batu Sapi area of Sandakan is to house a grain warehouse, bunkering area, a customs, immigration and quarantine complex and a commercial centre.
The project will be financed through a hybrid structure including equity injection and an Islamic bond issuance.
According to Windsor Trade Executive Director Tengku Shaifful Bahri Tengku Zainal Abidin Tengku Shaifful, 80% of the project cost would be financed by an Islamic bond issue to be arranged by Amanah Short Deposits Bhd. The remaining 20% would be through an equity injection by new investors.
Source: www.IslamicFinanceNews.com |
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