Malaysia's Iris redeems RM 100 million in notes and debt securities

By Devika Patel

Knoxville, Tenn., Aug. 24 - Iris Corp. Bhd. said it redeemed and canceled RM 60 million in Bai Bithaman Ajil secured debt securities and RM 40 million in Murabahah commercial paper/medium-term notes on Aug. 23.

The securities were issued in November 2003 and were scheduled to mature on Oct. 29, 2010 and April 29, 2011, respectively.

The Kuala Lumpur, Malaysia-based company is engaged in technology consulting and implementing digital identity and business solutions.

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