Malaysia Airports to Establish USD 1.2 Billion Senior and Perpetual Subordinated Sukuk Programme

Malaysia Airports Holdings Berhad (MAHB) has lodged a bourse filing with the Securities Commission Malaysia (SC) on the 8th of November 2021 to establish a Sukuk Wakalah programme of up to MYR 5 billion (USD 1.2 billion). The programme, which has a perpetual tenure, gives the company the flexibility to issue Senior Sukuk Wakalah and/or Perpetual Sukuk Wakalah from time to time, provided the aggregate outstanding nominal value of the Sukuk Wakalah does not exceed MYR 5 billion (USD 1.2 billion) at any time.

Why it Matters?

Proceeds raised from the issuance of the Sukuk Wakalah will be used for Shariah-compliant purposes including working capital requirements, capital expenditure, general investments, and/or general corporate purposes. In addition, proc...