Malaysia Tracoma to sell 100 mln rgt bonds-sources

Newswire

KUALA LUMPUR, July 27 (Reuters) - Malaysian auto parts maker Tracoma Holdings Bhd plans to sell about 100 million ringgit ($26 million) of bonds to fund a venture with national car maker Proton, sources close to the deal said on Tuesday. The sources told Reuters Tracoma would issue Islamic bonds with six-year maturities by the end of this year to finance its investment in PT Proton Tracoma Motors, a joint venture formed to assemble vehicles in Indonesia. Islamic bonds do not pay interest ...

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