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Islamic Finance Briefing - Categorized | Bonds (Sukuk), Market Moves more

Malaysia’s Prasarana plans to sell $1.3 bln of Islamic bonds

Posted on 12 July 2012

Mohd. Zahir Zahur HussainSyarikat Prasarana Negara Bhd., the Malaysian state-owned public transport operator, plans to sell 4 billion ringgit ($1.3 billion) of Islamic bonds this year to finance the extension of rail lines in Kuala Lumpur, a company official said.
“We hope to sell 2 billion ringgit in tenors of 10 to 20 years this quarter as we need the money for the line extension and borrowing costs are low,” Mohd. Zahir Zahur Hussain, group finance director, said in an interview in Kuala Lumpur. “We will look into selling the second portion of the bonds, probably toward the end of the year.”……………………………………….Full Article: Source

 
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