IslamicFinance.de

Esso Malaysia Bhd has begun the negotiations to establish a RM300mil seven-year Islamic Commercial Papers Programme (Sukuk Programme).
Issues from the programme would be used to finance Esso’s syariah-compliant business.

Esso Malaysia Bhd has redeemed and cancelled its RM300m ($98m) Islamic commercial paper notes from their 2004/2011 program because it has decided to propose a new 2011/2018 Islamic commercial paper program of the same size that received a preliminary short-term P1 rating from RAM Ratings.