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AEON Credit Service (M) issues 50M ringgit of Islamic commercial paper

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AEON Credit Service (M) issues 50M ringgit of Islamic commercial paper

AEON Credit Service (M) Bhd. issued 50 million Malaysian ringgit of one-month Islamic commercial paper.

The proceeds from the issuance will be used for Shariah-compliant working capital purposes, according to a May 24 release.

As of May 24, US$1 was equivalent to 3.98 Malaysian ringgit.