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Malaysia Rail Link Sdn Bhd successfully issued RM2.0 billion under its RM9.75 billion Sukuk Murabahah Programme

We are pleased to announce that Malaysia Rail Link Sdn Bhd (“MRL”) has successfully made its inaugural issuance of RM2.0 billion in nominal value of Sukuk Murabahah recently under its RM9.75 billion Sukuk Murabahah Programme (“Sukuk Programme”). This Sukuk Programme is irrevocable and unconditionally guaranteed by the Government of Malaysia.

The issuance of RM2.0 billion was fully subscribed and Kenanga Investment Bank Berhad played a significant role in the book-building process that was closed on 23 June 2020.

The issuance comprises four (4) tranches as shown below and the proceeds will be utilised for, amongst others, capital expenditures and general working expenses in relation to the East Coast Rail Link Project.

Tenure
(Year)
Tranche Size
(RM million)
Yield-to-Maturity
(% per annum)
10 895 3.13
15 390 3.58
20 405 3.88
25 310 4.11