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Prospect News home > News index > List of issuers K > Headlines for KLCC Property Holdings Bhd. > News item
Published on 9/15/2011 in the Prospect News Emerging Markets Daily.

Malaysia's KLCC Property unit gets OK for RM 880 million sukuk program

By Marisa Wong

Madison, Wis., Sept. 15 - KLCC Property Holdings Bhd. announced that its majority owned subsidiary Midciti Resources Sdn. Bhd. received approval from the Malaysia Securities Commission on Wednesday for an up to RM 880 million Islamic medium-term note program.

Proceeds will be used to purchase and cancel existing debt and for working capital.

The Kuala Lumpur-based property company owns a portfolio comprised of office buildings, a shopping mall and a luxury hotel.


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