(Bloomberg) -- The following is a list of pending Islamic bond sales. The securities comply with the religion's ban on paying interest and on investing in companies that have businesses in alcohol, tobacco or gaming.
IJM CORP., Malaysia's second-largest builder, plans to raise 1.42 billion ringgit ($415 million) in May from an Islamic bond sale to help fund a toll road outside the capital. IJM's toll- road unit Lebuhraya Kajang-Seremban Sdn. will gauge investor demand over the next two weeks before offering the securities to investors, said Kok Tuck Cheong, managing director at AmInvestment Bank Bhd., which is arranging the sale with Bank Muamalat Malaysia Bhd.
Read more at Bloomberg Bonds News
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment