Bank Pembanguan eyes bonds
Bank Pembangunan Malaysia is believed to have mandated AmInvestment Bank and one other bank, rumoured to be HL Islamic Bank, for a planned ringgit bond offering. The government-owned development bank has recently received approval from the government for an irrevocable and unconditional guarantee on a balance of M$6bn under a M$7bn conventional/Islamic MTN programme. The programme was set up by CIMB and HSBC a few years ago.
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