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Article: Bolton mulls RM300m Islamic bond sale

Article from:
New Straits Times
Article date:
August 13, 2009
Author:
Copyright

Adeline Paul Raj
New Straits Times
08-13-2009
Bolton mulls RM300m Islamic bond sale
Byline: Adeline Paul Raj
Edition: Main/Lifestyle
Section: Business Times
Type: Company

BOLTON Bhd, a medium-sized property developer, is considering raising up to RM300 million from an Islamic bond sale to buy land and fund existing projects, its chief says.

"We want to capitalise on the cheap cost of funds to build a war chest to fuel our growth, enhance financial flexibility and be financially ready to purchase a strategic landbank," executive chairman Datuk Azman Yahya told reporters after the company's annual general meeting yesterday.
Bolton, which aims to position itself as a "premier league" property ...

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