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NEW UPDATES Asean Affairs  26 June 2015  

Toyota M’sia hires banks for Islamic funding

TOYOTA Capital Malaysia Sdn Bhd, a unit of Japan’s Toyota Financial Services Corp that does vehicle financing for Toyota Motor Corp, has hired banks to set up a funding programme including Islamic debt to raise up to RM2.5 billion (US$669.16 million).

The deal – the largest ever for a Japanese company in Malaysia – will involve a commercial papers programme and a medium term notes programme together with an Islamic commercial paper programme and an Islamic medium term notes programme, the statement read.

“These new programmes will further strengthen the funding structure of Toyota Capital Malaysia to meet its mid-term expansions in both conventional and Islamic auto finance for Toyota and Lexus customers in Malaysia,” said Kuah Kock Heng, Toyota Capital Malaysia’s president.

CIMB Investment Bank and Bank of Tokyo-Mitsubishi are the joint principal advisers, joint lead arrangers, joint lead managers and joint bookrunners for the notes programmes and sukuk or Islamic bond programmes. CIMB Islamic Bank Bhd is the Syariah adviser for the sukuk programmes.

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This year in Thailand-what next?

AseanAffairs   04 January 2011
By David Swartzentruber      

It is commonplace in journalism to write two types of articles at the transition point between the year that has passed and the New Year. As this writer qualifies as an “old hand” in observing Thailand with a track record dating back 14 years, it is time take a shot at what may unfold in Thailand in 2011.

The first issue that can’t be answered is the health of Thailand’s beloved King Bhumibol, who is now 83 years old. He is the world's longest reigning monarch, but elaborate birthday celebrations in December failed to mask concern over his health. More






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