Telekom Malaysia’s Tulip Maple unit sets up $750 million sukuk program

By Marisa Wong

Madison, Wis., March 3 – Telekom Malaysia Bhd. announced that wholly owned subsidiary Tulip Maple Bhd. received approval from the Securities Commission Malaysia to establish a $750 million multicurrency sukuk program.

The sukuk program will give Tulip Maple flexibility to manage its fundraising requirements and grant the company alternative access to debt funding, in addition to conventional bank borrowings, according to a Bursa Malaysia announcement.

Telekom Malaysia is a Kuala Lumpur-based telecommunications services company.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.