Kuala Lumpur Kepong plans RM1b Islamic bonds issuance
KUALA LUMPUR, Aug 1 – Malaysian plantation firm Kuala Lumpur Kepong Bhd (KLK) said today it plans to sell up to RM1 billion worth of Islamic bonds.
The company said it obtained yesterday the regulatory approval for the fund-raising exercise, which comes in the form of multi-currency Islamic medium-term notes.
The programme has been assigned a preliminary long-term rating of ‘AA1’ or ‘stable’ outlook by RAM Rating Services Bhd, KLK added.
CIMB Investment Bank Bhd and Maybank Investment Bank Bhd are the joint principal advisers, joint lead arrangers and joint lead managers for the programme, according to KLK. – Reuters