Malaysia's Felda to issue US$2.3b sukuk to finance restructuring plans
Published Wed, Oct 28, 2020 · 10:43 AM
[KUALA LUMPUR] Malaysia said on Wednesday it has given approval for state-owned palm oil firm Federal Land Development Authority (Felda) to issue a US$2.38 billion sukuk with a government guarantee to finance its restructuring plans.
Felda is expected to see positive cashflow by 2023 following the implementation of the plans, Economic Minister Mustapa Mohamad said in a statement.
REUTERS
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Energy & Commodities
Oil falls more than US$1/barrel on Middle East peace talks, US rate cut doubts
Diamond giant De Beers is in the shop window, but the potential buyers are few
China State Shipbuilding to build 18 LNG ships for QatarEnergy
Shell earns US$1 billion a year from US crude trading, court filing shows
Gold eases as steady US dollar dampens appeal
Oil prices fall 1% on Israel-Hamas ceasefire talks, US inflation concerns