UPDATE 1-Turkiye Finans to raise up to 3 bln rgt with sukuk in Malaysia
(Adds details on first issuance from the programme)
KUALA LUMPUR, June 26 (Reuters) - Turkish lender Turkiye Finans Katilim Bankasi plans to sell 3 billion ringgit ($933 million) of Islamic bonds in Malaysia, according to a filing with the southeast Asian country's central bank on Thursday.
The bank will initially raise 800 million ringgit with a five-year sukuk on June 30, according to a separate filing by Standard Chartered Saadiq to the central bank. It will have an annual return of six percent.
Sukuk under the programme will have a tenure of one to 20 years. Funds raised will go towards general corporate purposes.
The so-called sukuk murabaha will be issued through TF Varlik Kiralama, a wholly-owned unit of Turkiye Finans. Malaysia's RAM Ratings has accorded the programme an indicative long-term rating of AA3.
HSBC Amanah Malaysia and Standard Chartered Saadiq are joint advisers.
($1 = 3.2170 Malaysian Ringgit) (Reporting by Al-Zaquan Amer Hamzah; Editing by Kim Coghill and Mark Potter)
- Total CEO de Margerie killed in Moscow as jet hits snow plow |
- Sweden gets two new sightings, as hunt for undersea intruder goes on
- Pistorius starts five-year term for killing Reeva Steenkamp
- U.S. to funnel travelers from Ebola-hit region through five airports
- Ebola crisis turns a corner as U.S. issues new treatment protocols