Home » wire - Prasarana successfully prices RM2 billion government guaranteed sukuk

06/08/2011 02:24:52 AM GMT   Comments ()     Add a comment   Print     E-mail to friend

 Syarikat Prasarana Negara Bhd has successfully priced its RM2 billion 10-year and 15-year Islamic Medium Term Notes, under its RM4 billion nominal value sukuk programme guaranteed by the Malaysian government. Arranged in 2009, the sukuk programme is mainly to part finance the Kelana Jaya and Ampang LRT Line Extension Project (LEP) and other infrastructure improvement initiatives by Prasarana. CIMB Investment Bank Bhd and Maybank Investment Bank Bhd are the joint lead arrangers and joint lead managers for the sukuk issue. Additionally, Bank Islam Malaysia Bhd is the co-manager. The sukuk carries a semi-annual profit rate of 4.15% per annum for the RM800 million 10-year tranche and 4.35% per annum for the RM1.2 billion 15-year tranche. omar1.1

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