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.
More Recent Transactions
Tabung Pendidikan Tinggi Nasional successfully made its first Sukuk issuance of RM1.50 billion in 2022
Perbadanan Tabung Pendidikan Tinggi Nasional (PTPTN) has successfully made its first Sukuk issuance of the year amounting to RM1.50 billion in nominal value on 29 March 2022 under its existing RM12.3 billion Islamic Commercial Papers and Islamic Medium Term Notes Programme (Sukuk Programme).
Prasarana Malaysia Berhad successfully made its first Sukuk Murabahah issuance of RM1.45 billion in 2022
Prasarana Malaysia Berhad (Prasarana) has successfully made its first Sukuk Murabahah issuance of the year amounting to RM1.45 billion in nominal value today under its two existing Sukuk Murabahah Programmes (Sukuk Programmes).
Prasarana Malaysia Berhad’s RM350.0 million Sukuk Murabahah issuance was oversubscribed by 2.29 times
Prasarana Malaysia Berhad (“Prasarana”) has successfully made another Sukuk Murabahah issuance of RM350.0 million in nominal value on 3 December 2021 under its existing RM10.0 billion Sukuk Murabahah Programme (“Sukuk Programme”). The Sukuk Programme is irrevocably and unconditionally guaranteed by the Government of Malaysia.