Malaysias Airlines (MAS) has issued the second tranche of the junior sukuk programme, amounting to RM500mil yesterday, following the programme of up to RM2.5bil in May this year.
In a filing with Bursa Malaysia, MAS said that the sukuk was issued at par and carries a semi-annual profit rate of 6.9% per annum up to year 10. If MAS does not exercise its option to redeem at the end of the 10th year, the periodic distribution increases by 2.5%………………………………………..Full Article: Source