Friday October 9, 2009

PTP eyes up to RM2b sukuk

KUALA LUMPUR: Port of Tanjung Pelepas (PTP) plans to issue RM1bil to RM2bil of government-guaranteed Islamic bonds to fund its expansion, a source familiar with the deal said yesterday.

The paper will have maturities of up to 10 years, said the source, who asked not to be identified as the deal has not been publicly announced.

Another source said the paper would be issued by year-end.

PTP was not immediately available for comment. — Reuters

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