MALAYSIA: Encorp Systembilt has fully redeemed RM2.75 billion (US$882.12 million)-worth of Bai Bithaman Ajil (BBA) notes following its issuance of up to RM1.58 billion (US$506.82 million)-worth of Sukuk Murabahah.
Its outstanding BBA notes were also refinanced through the Sukuk Murabahah issuance.