29 May 2011
Esso Malaysia Bhd, a subsidiary of Dallas-based ExxonMobil, has redeemed and cancelled its RM300m ($98m) Islamic commercial paper notes from their 2004/2011 program.
Esso Malaysia Bhd, a subsidiary of Dallas-based ExxonMobil, has redeemed and cancelled its RM300m ($98m) Islamic commercial paper notes from their 2004/2011 program.
The company has proposed a new 2011/2018 Islamic commercial paper program of the same size that received a preliminary short-term P1 rating from RAM Ratings.
When approached for comment on whether ExxonMobil had plans for other involvement in the Islamic finance market, the company's spokesman told The Islamic Globe it does not discuss details of commercial matters.
© The Islamic Globe 2011
