Malaysia’s Boustead Holdings issues RM 50 million junior sukuk

By Marisa Wong

Madison, Wis., Nov. 24 – Malaysia’s Boustead Holdings Bhd. issued a total of RM 50 million of junior Islamic medium-term notes on Monday, according to a Bursa Malaysia announcement.

This is Boustead’s fifth issue of junior sukuk. The company announced an up to RM 1.2 billion junior sukuk program in November 2013 and completed four tranches in December 2013, June and August.

Based in Kuala Lumpur, the company has operations in the plantation, heavy industries, property, finance and investment, pharmaceutical and manufacturing and trading sectors.

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