Dialog Axiata Sukuk program gets Malaysia regulator nod

Apr 01, 2013 (LBO) – Sri Lanka’s Dialog Axiata has been given the nod to issue Shariah compliant Sukuk securities by Malaysia’s regulators, a filing in the Malaysian Stock Exchange on behalf of its parent said. Approval had been received from Sri Lanka’s central bank and SEC and also Malaysia’s central bank. Malaysia’s Securities Commission had given the nod on March 29.

HSBC Amanah Malaysia Berhad and Maybank Investment Bank will lead manage the 1.2 billion Malaysian Ringgit (388 million US dollar) issuance.

Dialog Axiata in a Colombo stock exchange filing in November 01, 2012 said it was planning a Sukuk program.