Columbia Asia Sdn Bhdwill be utilising the proceeds from its unrated Islamic Medium Term Notes Programme (sukuk) of RM300mil to partly finance its future capital expenditures, working capital requirements and for the redemption of its existing syndicated financing facility. It said in a statement yesterday it was first time it was tapping the Sukuk market for its funding requirements. “The sukuk programme was issued in two tranches with maturities ranging from five to 10 years to the identified places on a private placement basis,” Columbia Asia said.
Columbia Asia to use sukuk to finance capex
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