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Malaysia's Nam Fatt plans to issue Islamic paper up to RM 250 million
By Reshmi Basu
New York, Aug. 17 - Nam Fatt Corp. Bhd. said it plans to issue up to RM 250 million in Islamic paper under the company's commercial paper and medium-term note program, pending the approval of the Malaysian Securities Commission.
The issue will carry a tenor of up to seven years.
Proceeds from the sale will be used for working capital, such as the financing of specific projects.
The Kuala Lumpur, Malaysia-based construction company said it expects to complete the issuance in the fourth quarter of 2005.
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