Etiqa Takaful issues 300 mln ringgit sukuk
KUALA LUMPUR May 31 (Reuters) - Etiqa Takaful Bhd, Malaysia's largest takaful (Islamic insurance) operator and a unit of Maybank, has raised 300 million Malaysian ringgit ($93.37 million) with an Islamic bond, the first from an Islamic insurer.
Proceeds from the 10-year sukuk will go toward funding general business operations and working capital, Etiqa Takaful said in a filing to the central bank on Friday. Maybank Investment Bank advised the deal.
($1 = 3.2130 Malaysian ringgit) (Reporting By Al-Zaquan Amer Hamzah; Editing by Matt Driskill)