Public Sector Housing Financing Board Upsizes ICP/IMTN Sukuk Issuance to MYR 50 Billion

The Government of Malaysia’s Public Sector Housing Financing Board (Lembaga Pembiayaan Perumahan Sektor Awam; LPPSA) has issued MYR 50 billion worth of Sukuk under its Islamic Commercial Papers (ICP) and Islamic Medium-Term Notes (IMTN) programme, according to local media reports. LPPSA stated that the Sukuk size had been upsized to MYR 50 billion from MYR 25 billion.

The Sukuk facility is an upsized ICP and IMTN issuance programme, which combined with upsized conventional commercial papers (CP) and conventional medium-term notes (MTN), as well as a syndicated Islamic revolving credit-I facility and syndicated revolving credit/term loan facilities, has a total amount of up to MYR 50 billion in value, LPPSA stated....