Malaysia Airports Holdings Offers MYR 800 Million Senior Sukuk Wakalah, Second Issuance under its Sukuk Wakalah Programme

Malaysia Airports Holdings Bhd (MAHB) has announced the second issuance under its MYR 5 billion (USD 1.1 billion) Sukuk Wakalah Programme, offering Senior Sukuk Wakalah of MYR 800 million (USD 183.5 million) in two tranches, a three-year MYR 500 million (USD 114.6 million) offering with a 3.79% yearly distribution rate and a five-year MYR 300 million (USD 68.8 million) offering at a 3.98% rate, as per a filing made with Bursa Malaysia on the 27th of April 2022.

Why it Matters?

The Sukuk received adequate demand, seeing a final bid-to-cover ratio of more than 3.5 times the final issue size attributed to the recovery of the market and the recently enforced reopening of Malaysian international borders. MAHB's group of enterprises will use the proceeds from t...