Launch Partners

Wednesday, May 8, 2024

Launch Partners

Malaysian Resources Corporation announces trustee’s non-objection on Sukuk program restructuring to accommodate sustainable Sukuk

MALAYSIA: Malaysian Resources Corporation has announced its Sukuk trustee’s non-objection regarding the revision of the terms and conditions of its RM5 billion (US$1.12 billion) Sukuk Murabahah program to provide the company with the flexibility to issue sustainable Sukuk as well as to complement the existing (non-sustainable) Sukuk Murabahah issuances, according to an official announcement.

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