KUALA LUMPUR, Malaysia Airport Holdings Berhad’s (MAHB) RM1 billion Perpetual Non-call 10-year Subordinated Sukuk has received overwhelming market response.
The sukuk was based on the Islamic principle of Musharakah, it said in a statement today. MAHB said the Subordinated Sukuk Programme, together with its Senior Sukuk Programme, has a combined aggregate nominal value of up to RM2.5 billion.
It said the proceeds from the sukuk issuance would be used for the working capital requirements, general investments and/or to refinance any existing borrowings/financing of MAHB and/or its subsidiaries. The sukuk was offered through a book-building process, where the final order book was in excess of RM5 billion, which represents a strong bid-to-cover ratio of 5.5 times, it said.
CIMB Investment Bank Bhd, Citibank Bhd, Maybank Investment Bank Bhd and HSBC Amanah Malaysia Bhd are the joint lead managers and bookrunners for the Issuance.
Originally published on www.themalaymailonline.com
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