Malaysia's Sabah state to issue up to $456.9 million in sukuk

KUALA LUMPUR, April 7 Mon Apr 7, 2014 12:54am EDT

KUALA LUMPUR, April 7 (Reuters) - Malaysia's Sabah Credit Corp, a unit of the Sabah state government, will raise up to 1.5 billion ringgit ($456.97 million) in Islamic papers, RAM Ratings said on Monday.

The firm operates under Sabah's finance ministry and provides personal loans to civil servants in the state.

($1 = 3.2825 Malaysian Ringgit) (Reporting By Al-Zaquan Amer Hamzah; Editing by Gopakumar Warrier)

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