Jul 23 2011
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Besraya rolls out $230m Sukuk
The Sukuk will be used to part-finance the development, design and construction of the 12.3km Besraya Eastern Extension as well as other project-related expenses and working capital requirements.
The company was awarded the extension project as a form of compensation from the government following toll plaza closures at Salak Jaya (pictured) and Sungei Besi Highway in February 2009. RAM Ratings assigned a long-term AA3 rating to Besraya.
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