Prasarana Malaysia Berhad successfully issued Sukuk Murabahah of RM1.50 billion in nominal value
Prasarana Malaysia Berhad (Prasarana) has successfully issued Sukuk Murabahah of RM1.50 billion in nominal value on 30 January 2023 under its existing RM17.0 billion Sukuk Murabahah Programme (Sukuk Programme). The Sukuk Programme is irrevocably and unconditionally guaranteed by the Government of Malaysia.
Kenanga Investment Bank Berhad as the Joint Lead Manager, played a major role in the book-building exercise that was closed earlier which was oversubscribed by approximately 1.86 times.
The proceeds from the issuance will be utilised to finance, amongst others, capital expenditure and/or working capital of Prasarana.
The issuance under the Sukuk Programme comprises of six (6) tranches as shown in the table below:
| Tenure (Year) | Yield to Maturity (% per annum) | Tranche Size (RM Million) |
|---|---|---|
| 13 | 4.28 | 200 |
| 14 | 4.32 | 300 |
| 15 | 4.38 | 550 |
| 16 | 4.41 | 200 |
| 21 | 4.54 | 100 |
| 25 | 4.61 | 150 |
About Prasarana Malaysia Berhad
Prasarana is a government-owned company that was set up by Ministry of Finance to drive the transformation of Malaysia’s public transport systems and services. Prasarana owns and operates the country’s urban rail services that include three LRT networks and the KL Monorail, in addition to operating the MRT line.