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Sime sets up finance

This article was originally published in The Public Ledger

MALAYSIA'S Sime Darby has officially announced its widely-reported intention to raise funds through Islamic finance. Sime Darby said it intends to undertake an Islamic medium term note programme of M$4.5bn (US$1.3bn) and an Islamic commercial paper/IMTN programme of M$500m but to a combined maximum of M$4.5bn.


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