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Saturday, May 25, 2024

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BGRB Venture auctions Islamic medium-term note worth RM6 million (US$1.34 million)

MALAYSIA: BGRB Venture, the SPV of Malaysian property developer Berjaya Land, has auctioned a one-year Islamic medium-term note (IMTN) worth RM6 million (US$1.34 million), a filing on the Bond and Sukuk Information Exchange read.

The Islamic paper, which was issued on the 7th March 2023, carries a coupon rate of 7% and was arranged by Kenanga Investment Bank.

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