Guthrie plans Islamic bonds<\/p>\n
KUALA LUMPUR (AFX-ASIA): Kumpulan Guthrie Bhd said the company
\nhas entered into a memorandum of understanding with Bank Islam
\n(L) Ltd on Nov 22, which reflects Guthrie's intention to raise
\nfunds of some $100 million under Islamic principles.<\/p>\n
In a statement to the Kuala Lumpur Stock Exchange, in response
\nto a query on the MoU, Guthrie said Bank Islam's intention is to
\nassist Guthrie in its issue of global Islamic bonds.<\/p>\n
\"The intention to raise the global Islamic bond is also a
\ncommitment shown by Guthrie towards developing global Islamic
\nbanking and financing,\" Guthrie said.<\/p>\n
It added that the MoU is \"merely to record the intention of
\nthe parties\" and is not intended to create any legally binding
\nobligations on the part of either Guthrie or Bank Islam.<\/p>\n
Guthrie said it is currently developing a substantial size of
\nplantation land in South Sumatera, Indonesia and securing funds
\nfor the project is an on-going effort.<\/p>",
"url": "https:\/\/jawawa.id\/newsitem\/guthrie-plans-islamic-bonds-1447893297",
"image": ""
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"sponsor": "Okusi Associates",
"sponsor_url": "https:\/\/okusiassociates.com"
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