<div class=newsTextDataWrapInner>KUALA LUMPUR (Nov 19): Northport (Malaysia) Bhd will issue Islamic bonds to raise up to 1.5 billion ringgit ($446.8 million), according to a statement by ratings agency MARC on Wednesday.</div>

<div class=newsTextDataWrapInner>Northport, owned by NCB Holdings Bhd, operates two ports under concessions on the Straits of Melaka.</div>

<div class=newsTextDataWrapInner>Northport is expected to moderate dividends given its sizeable capital expenditure of 2.7 billion ringgit in the next few years, said MARC. ($1 = 3.3575 Malaysian ringgit)</div><div class=inPageAd id=div-gpt-ad-inpage></div>

KUALA LUMPUR (Nov 19): Northport (Malaysia) Bhd will issue Islamic bonds to raise up to 1.5 billion ringgit ($446.8 million), according to a statement by ratings agency MARC on Wednesday.

Northport, owned by NCB Holdings Bhd, operates two ports under concessions on the Straits of Melaka...

Malaysia's Northport to raise up to 1.5 bln rgt from sukuk

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