Deal of the Month: MRCB

Malaysian Resources Corporation Berhad (MRCB), a prominent conglomerate in Kuala Lumpur, has successfully completed the world's first ever combination of Islamic and conventional financing.

The deal was completed through MRCB Southern Link Berhad (MSLB), a funding vehicle set up by MRCB for the construction of the Eastern Dispersal Link expressway in Johor Bahru, a major toll road project connecting Singapore with Malaysia.

The deal combined a MYR845 million fixed-rate senior Islamic sukuk and a M

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