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PTP taps Islamic bonds market

PTP taps Islamic bonds market

Kuala Lumpur: Malaysian unlisted port operator Pelabuhan Tanjung Pelepas Sdn Bhd plans to raise MYR1.5 billion from the sale of Islamic bonds, or sukuk, the New Straits Times reported Friday, citing unnamed sources.
The paper will have maturities of up to 10 years, said the source, who asked not to be identified as the deal has not been publicly announced. Another source said the paper would be issued by year-end. [09/10/09]

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