Malaysia’s Amanat Lebuhraya Rakyat Prices AAA-rated Sustainability Sukuk Murabahah Valued at MYR 5.5 Billion 

Malaysia-based Amanat Lebuhraya Rakyat Berhad (ALR) has announced the successful pricing of AAA-rated Sustainability Sukuk Murabahah with a nominal value of MYR 5.5 billion (USD 1.2 billion), under its Sustainability Sukuk Murabahah Programme, to fund the purchase of four major highways in the Klang Valley, on the 23rd of September 2022.

Why it Matters?

ALR was created with the goal of acquiring four highway toll concessionaires as part of a toll restructuring plan submitted to the Malaysian Ministry of Works. A conditional bid was made by the entity on the 4th of April 2022 for the purchase with a total enterprise value of MYR 5.48 billion (USD 1.18 billion). The concessionaires are Syarikat Mengurus Air Banjir & Terowong Sdn Bhd (Smart: MYR 313...