Malaysia's Felda to issue US$2.3b sukuk to finance restructuring plans
Add BT as a preferred sourceDeeperDive is a beta AI feature. Refer to full articles for the facts.
[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
Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.
Share with us your feedback on BT's products and services
TRENDING NOW
Shelving S$5 billion office redevelopment plan proved ‘wise’ as geopolitical risks mount: OCBC chairman
OCBC is said to emerge as lead bidder for HSBC Indonesia assets
Middle East-linked energy supply shocks put Asean Power Grid back in focus
Eurokars Group introduces rental car franchises Enterprise Rent-A-Car, National Car Rental, and Alamo to Singapore
