Serba Dinamik struggles with $200m bond outing
Malaysian energy services group Serba Dinamik International faced an uphill battle on Thursday when it courted investors for a new bond.
The latest transaction looked similar to Serba Dinamik's debut bond sale in May. That 2022 deal, which raised $300m at 6.3%, was also structured as a wakala sukuk, guaranteed by Serba Dinamik Holdings with Serba Dinamik International as the obligor. The first trade was issued by SD