Federal Land Development Authority in Discussions with Ministry of Finance on MYR 2.5 Billion Sukuk

The Federal Land Development Authority (FELDA) is in discussions with the Ministry of Finance (MoF) of Malaysia to issue government guaranteed Sukuk worth MYR 2.5 billion to fund loan restructuring, according to local media reports.

The announcement was made by Datuk Seri Mustapa Mohamed, Minister in the Prime Minister's Department (Economy) at the Dewan Rakyat on the 16th of July 2020.

According to local media, this will be FELDA’s second Sukuk issuance, following its debut issuance in 2018 worth MYR 2 billion.

This is a follow-up to the government guarantee granted to FELDA to restructure its loan, whic...