Bloomberg News

Malaysian Retailer Mydin to Sell Islamic Bonds, RAM Ratings Says

October 13, 2011

Oct. 13 (Bloomberg) -- Mydin Mohamed Holdings Bhd., a Malaysian operator of hypermarkets and convenience stores, plans to sell 350 million ringgit of Islamic bonds, RAM Rating Services Bhd. said in a report today.

The notes will be backed by state bond-guarantee agency Danajamin. As such, the proposed offering has been rated AAA, RAM said.

To contact the editor responsible for this story: Barry Porter at

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