Sime Darby launches first Islamic bond issue

The leading Malaysian conglomerate comes to market with a long awaited deal.

Joint lead managers HSBC and CIMB soft launched an inaugural Islamic bond deal for Malaysian conglomerate Sime Darby on Friday. The bond is being marketed to investors in Malaysia before an official launch on January 15th.

The leads are looking at a deal up to RM500 million $132 million in size with a maturity of five years, seven years or a combination of both. The bonds will be rated AAA by the Malaysian domestic rating...

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