The Finance Ministry plans to sell as much as RM5.3bil of Islamic bonds under a 20-year programme to help the nation’s loss-making carrier buy new aircraft, according to two people familiar with the deal.
The state-guaranteed notes would be sold by Turus Pesawat Sdn Bhd, a special-purpose vehicle, with marketing starting this week, said the people who declined to be named because the information is private. Malaysian Airlines (MAS) announced in May it planned to lease six Airbus A380s and two A330s for RM5.3bil that would be purchased by the Government………………………………………..Full Article: Source