Prasarana plans RM6b Islamic bond issue
KUALA LUMPUR, Jan 3 — State-owned transport operator Syarikat Prasarana Nasional Berhad plans to sell up to RM6 billion of Islamic sukuk bonds this year to fund projects.
The bonds, which carry government guarantees, will be issued in two tranches of RM3 billion ringgit each, managing director Shahril Mokhtar told reporters in Kuala Lumpur today.
The first tranche will be issued in February and the second in the third quarter, he said.
Shahril also said the firm plans to float its rail unit on the local stock exchange in 2018 after its Mass Rapid Transit rail transport project in the greater Kuala Lumpur area is completed. — Reuters