<div class=newsTextDataWrapInner><p><span style="font-style: italics;">This article first appeared in The Edge Financial Daily on September 13, 2017</span></p></div><div class=newsTextDataWrapInner><p>KUALA LUMPUR: Boustead Holdings Bhd has issued its first Islamic medium term notes worth RM500 million under the sukuk programme with a nominal value of up to RM2 billion.</p></div>

<div class=newsTextDataWrapInner><p>Affin Hwang Investment Bank said in a filing on behalf of Boustead that the proceeds will be used to refinance existing borrowings and financing.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>Part of the money will also be used to fund the group’s reserve account to meet the minimum required balance under the terms and conditions of the sukuk programme and to pay fees and expenses relating to the programme.</p></div>

<div class=newsTextDataWrapInner><p>The sukuk programme was inked by Boustead on Aug 25, with a tenure of 10 years.</p></div>

<div class=newsTextDataWrapInner><p>Boustead’s share price closed unchanged yesterday at RM2.70, with a market capitalisation of RM5.45 billion.</p></div>


KUALA LUMPUR: Boustead Holdings Bhd has issued its first Islamic medium term notes worth RM500 million under the sukuk programme with a nominal value of up to RM2 billion.

Affin Hwang Investment Bank said in a filing on behalf of Boustead that the proceeds will be used to refinance exis...

Boustead issues Islamic notes worth RM500m

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