(Updated)

Prasarana to issue RM350m Islamic bonds in three tranches

Prasarana to issue RM350m Islamic bonds in three tranches
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KUALA LUMPUR (Dec 2): Prasarana Malaysia Bhd will be issuing RM350 million of Islamic bonds under the murabahah principle in three tranches, according to the Bond Sukuk Information Exchange website.

The three tranches will be issued on Friday (Dec 3, 2021), comprising a RM100 million tranche with a seven-year tenure and 3.73% coupon rate, a RM150 million tranche with a nine-year tenure and 3.86% coupon rate, as well as another RM100 million tranche with a tenure of 14 years and 4.19% coupon rate.

The first RM100 million tranche will see its first profit payment on June 3, 2022 and its last payment on Dec 1, 2028, while the RM150 million tranche is slated to pay its first profit on June 3, 2022 and its last on Dec 3, 2030.

The second RM100 million tranche will see its first profit payment on June 3, 2022 and its last on Dec 3, 2035.

All three tranches will pay out profits semi-annually.

Lam Jian Wyn