Malaysia's Proton unit to sell 2 bln rgt bonds


KUALA LUMPUR, Jan 26 (Reuters) - A unit of Malaysia's national carmaker Proton plans to sell as much as 2.0 billion ringgit ($526 million) of bonds backed by hire-purchases in the second half of 2004, sources said on Monday. Sources close to the deal told Reuters that Proton Commerce Sdn Bhd, a car financing arm set up in partnership with second-largest lender Commerce Asset-Holdings Bhd , would issue the papers through a special purpose firm. Proton shares were flat at 9.05 ringgit by ...

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