S.Korea GS Caltex says no plans to sell Islamic bond

SEOUL, April 30 (Reuters) - South Korea's GS Caltex on Thursday said it has no plans to sell a Malaysian ringgit Islamic bond, denying news reports that the refiner was considering selling what would be the country's first sukuk.

Singapore media reported that RHB Investment Bank, part of Malaysia's fourth-largest lender RHB Capital (RHBC.KL), planned to launch a 500 million to 1 billion ringgit ($139.5 million to $279.1 million) Islamic bond issue in May, and was looking to arrange a sukuk for GS Caltex. [nKLR484063]

"The news reports are not true. We are not considering (an islamic bond). It's just one of many options available," said a GS Caltex spokesman.

GS Caltex, which raised $300 million in five-year bonds last year, is the country's second-largest refiner. (Click on [ID:nISLAMIC] for more Islamic finance stories and ISLAMIC for a speed guide) (Reporting by Angela Moon; Editing by Chris Lewis)