RHB Investment Bank Bhd

#TA #Securities gets nod to #offer #Islamic #stockbroking #services

Bursa Malaysia Bhd has added TA Securities Holdings Bhd to its Islamic participating organisations list, making it the 11th stockbroking house and Islamic PO partnering with Bursa Malaysia-i. TA Enterprise Bhd managing director and chief executive officer Datin Alicia Tiah stated, that the inclusion will complement and broaden its product offerings.
Bursa Malaysia chief executive officer Datuk Seri Tajuddin Atan said in a statement: "We hope that with the support from our brokers, we will be able to provide a conducive marketplace for the Shariah investing community which will, in turn, continue to spur the growth and vibrancy of the Islamic capital market domestically and regionally.”

SEB to issue more sukuk to meet additional RM1.5bil to fund power plant projects

Sarawak Energy Bhd (SEB) intends to borrow an additional RM1.5bil in January 2012 in the form of Islamic debt (sukuk) under its RM15bil Sukuk Musyarakah Programme. This is in addition to its launch of RM3bil of sukuk in June this year which was oversubscribed by three times.
The RM1.5bil obtained next year would be consumed by SEB to fund the progress payments of some of its power plants and transmission lines currently being constructed as well as other capital expenditure requirements.
The joint lead managers for this second sukuk issuance under the Sukuk Musyarakah Programme are: AmInvestment Bank Bhd, Kenanga Investment Bank Bhd and RHB Investment Bank Bhd.

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