Telekom Malaysia to issue $907.7 million sukuk
Telekom Malaysia will issue a sukuk, of up to 3 billion ringgit ($907.72 million) in nominal value to fund its working capital. Telekom, in which the Malaysian government owns a 68.6 percent stake, is supported by its dominance in the fixed-lined telephone sector and the nation's low penetration rate of 30 percent for household broadband services, said RAM Ratings.
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