Showing posts with label sarawak energy. Show all posts
Showing posts with label sarawak energy. Show all posts

Saturday, July 16, 2011

WORLD - CAPITAL MARKETS - $47 bln Sukuk issued during first half: KFH

KFH Researches monthly report about the developments in the global sukuk market revealed that the issuance of sukuk in global markets increased during the aforementioned period by 34.7%. The report noted that the value of sukuk issued during the First Half is USD 47 billion, which is more than last year’s record USD 45 billion — Editor (source)

Monday, July 04, 2011

MALAYSIA - CAPITAL MARKETS - Sarawak Sukuk Success

Sarawak Energy, the state-owned electricity group, has announced its maiden Sukuk Musharakah program for RM15bn ($4.9bn), the largest single debt program ever established by a Malaysian utility company. 

Proceeds are to be used for Capex and refinancing of existing debts. As a key facilitator of the state and federal governments' plans to tap Sarawak's energy resources via the development of the Sarawak corridor of Renewable Energy, SEB's Sukuk take-up will ensure the success of the energy corridor. (source)

Friday, July 01, 2011

MALAYSIA - CAPITAL MARKETS - Sarawak Energy plans Sukuk issue - also Westports Malaysia has plans

REPUBLIKA.CO.ID, KUALA LUMPUR, Malaysia - Sarawak Energy Bhd, a Malaysian power company, back plans to issue sukuk worth 3 billion ringgit or one million dollars. Some time ago, the company has issued their first sukuk worth 15 billion ringgit.
In the description of local officials as reported by The Star last weekend, sukuk issuance will be a few times. The first stage, Sarawak Energy will issue a sukuk worth 500 million ringgit with a tenor of five years and a coupon of 4.4 percent per year. (source)