RM850.0 million Sukuk Murabahah Issuance by Prasarana Oversubscribed by 4 Times
Guaranteed by the Government of Malaysia, Prasarana Malaysia Berhad (Prasarana) has successfully made another issuance of RM850.0 million in nominal value of Sukuk Murabahah recently under its RM10.0 billion Sukuk Murabahah Programme (Sukuk Murabahah Programme).
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 RM850.0 million was closed on 24 July 2019 with an over-subscription rate of approximately 4 times. Proceeds from the issuance will be utilised to finance the construction cost and working capital requirements in connection to the LRT 3 project.
The issuance comprises two tranches as shown below:
Nominal Value | Tenure | Yield-to-Maturity |
---|---|---|
RM500 million | 15-year | 3.92% per annum |
RM300 million | 20-year | 4.09% per annum |