MAHB Issues USD 191.5 Million Triple-Tranche Sukuk; Oversubscribed 9 Times

Malaysia Airports Holdings Berhad (MAHB) has issued Senior Islamic Medium Term Notes (Senior Sukuk Wakalah) with a nominal value of MYR 800 million (USD 191.5 million) as part of its MYR 5 billion (USD 1.2 billion) Sukuk Wakalah programme. A statement issued by MAHB on the 30th December 2021, said that the Senior Sukuk Wakalah was in high demand from investors, with total orders exceeding MYR 4.6 billion (USD 1.1 billion), representing a nine-fold over-subscription rate compared to the initial target issuance size of MYR 500 million (USD119.8 million).

Why It Matters

MAHB Managing Director Datuk Iskandar Mizal Mahmood said the successful issuance of the Senior Sukuk Wakalah reflects the market's confidence in Company's strong fundamentals and strategic...