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Thursday, July 18, 2024

Launch Partners

Cypark Renewable Energy issues Musharakah-based Islamic note worth RM8 million (US$1.86 million)

MALAYSIA: Green energy solutions provider Cypark Renewable Energy has issued an Islamic medium-term note (IMTN) based on the Musharakah concept worth RM8 million (US$1.86 million), a filing on the Bond and Sukuk Information Exchange read.

The facility carries a perpetual tenor and a fixed coupon rate of 6.85%, and RHB Investment Bank was the lead arranger for the transaction.

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