Khazanah-backed The Holstein Milk Co said to be proposing RM1b Islamic bond scheme

The Holstein Milk Co Sdn Bhd (THMC) is said to have proposed a RM1 billion Islamic bond issue under the Sukuk Wakalah programme, according to Malaysian Rating Corp Bhd (MARC), which has assigned a preliminary rating of AA-IS with a stable outlook to THMC's planned fundraising exercise.

THMC is a company under Malaysian sovereign wealth fund Khazanah Nasional Bhd's commercial fund, according to Khazanah's website.

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