Prasarana's sukuk gets overwhelming response
KUALA LUMPUR: Syarikat Prasarana Negara Bhd's RM1 billion Sukuk Ijarah to finance the extension of a light rail network has received overwhelming response from the market.
On Wednesday, the company successfully priced the remainder of the RM1 billion Sukuk Ijarah, to be issued in two tranches - a seven-year tranche of RM600 million and a 15-year tranche of RM400 million in nominal value.
In a statement yesterday, it said the government-guaranteed Islamic medium-term notes closed at the lower range of the price guidance, indicating firm buying interest from the investing community for the debt papers.
"That our sukuk is irrevocably and unconditionally guaranteed by the government makes it an attractive investment vehicle to these investors," said group managing director Datuk Seri Shahril Mokhtar. Bernama