Malaysia Airports issues 500 million ringgit sukuk

airport plus planeMalaysia Airports Holdings Bhd said it has successfully completed the issuance of 500 million ringgit ($150.6 million) Islamic debt notes in two tranches of three years and five years. The debt notes were issued under company’s senior sukuk programme.

It said on September 6 that  the distribution rate for the first tranche of 250 million ringgit, which will mature on September 6, 2016, was 3.85 per cent. The rate for the second tranche, which will mature on September 6, 2018, is 4.15 per cent.

The company had mandated CIMB Investment Bank Bhd, Citibank Bhd, HSBC Amanah Malaysia Bhd and Maybank Investment Bank Bhd amongst others, as the joint lead arrangers and joint lead managers for the programmes.

The funds will be used to finalise the construction of Kuala Lumpur International Airport 2 whose costs had risen to 4 billion ringgit from 3.1 billion ringgit after numerous delays. The new airport is set to be the world’s largest terminal for budget airlines and plans to serve 45 million passengers each year.

The sukuk, which was oversubscribed by 3.4 times, was taken up by a group comprising government agencies, corporate buyers and financial institutions.

 



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Malaysia Airports Holdings Bhd said it has successfully completed the issuance of 500 million ringgit ($150.6 million) Islamic debt notes in two tranches of three years and five years. The debt notes were issued under company's senior sukuk programme. It said on September 6 that  the distribution rate for the first tranche of 250 million ringgit, which will mature on September 6, 2016, was 3.85 per cent. The rate for the second tranche, which will mature on September 6, 2018, is 4.15 per cent. The company had mandated CIMB Investment Bank Bhd, Citibank Bhd, HSBC Amanah Malaysia Bhd and Maybank...

airport plus planeMalaysia Airports Holdings Bhd said it has successfully completed the issuance of 500 million ringgit ($150.6 million) Islamic debt notes in two tranches of three years and five years. The debt notes were issued under company’s senior sukuk programme.

It said on September 6 that  the distribution rate for the first tranche of 250 million ringgit, which will mature on September 6, 2016, was 3.85 per cent. The rate for the second tranche, which will mature on September 6, 2018, is 4.15 per cent.

The company had mandated CIMB Investment Bank Bhd, Citibank Bhd, HSBC Amanah Malaysia Bhd and Maybank Investment Bank Bhd amongst others, as the joint lead arrangers and joint lead managers for the programmes.

The funds will be used to finalise the construction of Kuala Lumpur International Airport 2 whose costs had risen to 4 billion ringgit from 3.1 billion ringgit after numerous delays. The new airport is set to be the world’s largest terminal for budget airlines and plans to serve 45 million passengers each year.

The sukuk, which was oversubscribed by 3.4 times, was taken up by a group comprising government agencies, corporate buyers and financial institutions.

 



Support ASEAN news

Investvine has been a consistent voice in ASEAN news for more than a decade. From breaking news to exclusive interviews with key ASEAN leaders, we have brought you factual and engaging reports – the stories that matter, free of charge.

Like many news organisations, we are striving to survive in an age of reduced advertising and biased journalism. Our mission is to rise above today’s challenges and chart tomorrow’s world with clear, dependable reporting.

Support us now with a donation of your choosing. Your contribution will help us shine a light on important ASEAN stories, reach more people and lift the manifold voices of this dynamic, influential region.

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Personal Info

Donation Total: $10.00

 

 

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