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Islamic Finance Briefing - Categorized | Bonds (Sukuk), New Launches more

Malaysia: Govt issues Sukuk to finance MRT project

Posted on 04 July 2012

Fazlur Rahman EbrahimThe government is issuing a RM8 billion government guaranteed sukuk as the first tranche of financing of the Mass Rapid Transit (MRT) project’s Sungai Buloh-Kajang line (SBK Blue Line), estimated to be worth more than RM30 billion.
The issuance is made through Danainfra Nasional Bhd, a Ministry of Finance Incorporated unit mandated as a special funding vehicle to facilitate the fundraising for the MRT Project. Danainfra’s Principal Officer Fazlur Rahman Ebrahim said the target date for the maiden issuance will be July 20, 2012 with book building expected to be held in the week beginning July 9………………………………………..Full Article: Source

 
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