RM900 million Sukuk a milestone for Sabah Maju Jaya

SMJ Sdn Bhd (SMJSB), a wholly-owned subsidiary of the Sabah Government through the Chief Minister Incorporated of Sabah, successfully priced its inaugural RM900 million Islamic medium-term notes (Sukuk Wakalah) on Oct 16. It was issued out of its AAA-rated Multi-Currency Sukuk Wakalah Programme of up to RM10 billion (or its equivalent in other currencies) in nominal value.

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