Malaysian Airline System Bhd’s fifth straight quarterly loss is prompting investors to demand a yield of at least 6 percent for a planned Islamic bond, 2 percentage points more than the average rate on global sukuk.
The national carrier said it will sell 1 billion ringgit ($318 million) of securities in June without a set maturity. It would be the first sukuk sold as perpetual bonds in the nation. Malayan Banking Bhd., the country’s largest lender, paid 6 percent for similar notes that don’t comply with Islamic tenets at the height of the 2008 credit crisis………………………………………..Full Article: Source