Recent Transactions

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.

Kenanga Investment Bank Berhad as the Joint Lead Manager, played a significant role in the successful private placement process that was closed on 16 November 2021, with an over-subscription rate of approximately 2.29 times despite the challenging market conditions.

The proceeds from the issuance will be utilised to finance, amongst others, capital expenditure and/or working capital of Prasarana.

The issuance comprises of three (3) tranches as shown in the table below:

Tenure
(Year)
Yield-to-Maturity
(% per annum)
Tranche Size
(RM Million)
73.73100
93.86150
144.19100

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Federal Land Development Authority has successfully made another issuance under its RM9.9 billion Sukuk Murabahah Programme

FELDA has successfully made another Sukuk issuance amounting to RM365.0 million in nominal value on 16 November 2021 under its existing RM9.9 billion Sukuk Murabahah programme, which is irrevocably and unconditionally guaranteed by the Government of Malaysia.

17 Nov 2021
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DanaInfra Nasional Berhad successfully made its second Sukuk issuance of the year amounting to RM1.9 billion

DanaInfra Nasional Berhad (“DINB”) has successfully made its second issuance of the year amounting to RM1.9 billion in nominal value of Sukuk on 27 October 2021. With an over subscription rate of approximately 1.02 times, this marks the sixth issuance for DINB under its existing RM13.0 billion ICP/IMTN Programme (“Sukuk Programme”). The Sukuk Programme is irrevocably and unconditionally guaranteed by the Government of Malaysia.

28 Oct 2021
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Sin Heng Chan (Malaya) Berhad’s Successful Acquisition Funding: Maiden Issuance under its RM60.0 million Sukuk Wakalah Programme

Sin Heng Chan (Malaya) Berhad (“SHC”) has successfully made its inaugural issuance of Islamic Medium Term Notes (“IMTN”) of RM60.0 million (“Sukuk Wakalah”) on 20 May 2021, under its recently launched maiden IMTN programme of RM60.0 million in nominal value.

20 May 2021
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