Launch Partners

Launch Partners

GBG sells Sukuk

MALAYSIA: Construction company Gabungan AQRS (GBG) has issued an Islamic commercial paper worth RM5 million (US$1.05 million) that carries a three-month tenor. The Sukuk facility was issued today.

MARC Ratings rated the paper ‘MARC-1 IS’. Kenanga Investment Bank was the transaction’s lead arranger.

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