KLCC Property Unit Plans 880-Million Ringgit Islamic Bond Sale

Midciti Resources, a 50.5 percent- owned subsidiary of Malaysian developer KLCC Property Holdings Bhd. (KLCC), said it plans to raise as much as 880 million ringgit through an Islamic bond sale.

Proceeds will be used to replace existing debt and for working capital, it said in a Kuala Lumpur stock exchange filing today.

To contact the editor responsible for this story: Barry Porter at bporter10@bloomberg.net

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.