Malaysia's IOI Properties to raise $463 mln from Islamic bonds

KUALA LUMPUR, May 9 (Reuters) - Malaysia&aposs IOI Properties Group Bhd IOIP.KL said it had applied for regulatory approval to issue Islamic bonds worth 1.5 billion ringgit ($463.3 million) to repay existing loans and fund land development and other investment.IOI Properties, Malaysia&aposs second-largest real estate developer by market value, said in a stock exchange filing it had submitted its a