Perbadanan Tabung Pendidikan Tinggi Nasional successfully made another sukuk issuance under its existing Sukuk Murabahah Programme.

Perbadanan Tabung Pendidikan Tinggi Nasional (“PTPTN”) has successfully made an issuance of RM1.0 billion in nominal value of Sukuk Murabahah on 10 March 2021. This marks the second issuance for PTPTN under its existing RM12.3 billion Sukuk Murabahah Programme (“Sukuk Programme”), which is irrevocably and unconditionally guaranteed by the Government of Malaysia.

Kenanga Investment Bank Berhad played a significant role as the Joint Lead Manager and was instrumental in the success of this transaction that was closed on 1 March 2021. Despite market challenges in the global and local space, the issuance was oversubscribed by 2.15 times.

Proceeds from the issuance will be utilised to finance, amongst others, for the provision of educational Shariah-compliance financing in accordance with the PTPTN Act and for refinancing its existing financing, borrowings and/or sukuk.

The issuance comprises three (3) tranches as tabulated below:

Tenure
(Year)
Yield-to-Maturity
(% per annum)
Tranche Size
(RM Million)
6 3.03 150
8 3.36 150
15 4.17 700

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