RM3.5 billion Sukuk Murabahah Issuance by Prasarana Oversubscribed by 2.4x

Prasarana Malaysia Berhad (Prasarana) made its maiden issuance of RM3.5 billion in nominal value of Sukuk Murabahah recently under its RM3.5 billion Sukuk Murabahah Programme (Sukuk Programme). The Sukuk Programme is irrevocably and unconditionally guaranteed by the Government of Malaysia.

Kenanga Investment Bank Berhad played a significant role in the book-building process and was instrumental for the success of this transaction.

The issuance of RM3.5 billion was closed on 17 February 2020 with an over-subscription rate of approximately 2.4 times. Proceeds from the issance will be utilised to finance, amongst others, capital expenditure and working capital of PRasarana.

Kenanga Investment Bank Berhad is the Joint Lead Manager

The issuance comprises five tranches as shown below:

Norminal Value (million) Tenure (year) Yield-to-Maturity
(% per annum)
400 7 3.02
600 10 3.09
500 15 3.28
1,000 20 3.44
1,000 20 3.80

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