Jul 03 2011
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Sarawak Sukuk Success
Proceeds are to be used for Capex and refinancing of existing debts. As a key facilitator of the state and federal governments' plans to tap Sarawak's energy resources via the development of the Sarawak corridor of Renewable Energy, SEB's Sukuk take-up will ensure the success of the energy corridor.
SEB CEO Torstein Dale Sjotveit told The Islamic Globe that investor demand for the issue was strong and confirmed that the company's funding requirements for the next five years are now secure.
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