Thursday, August 5, 2010

MAHB to issue up to RM3.1b debt notes

KUALA LUMPUR: Malaysia Airports Holdings Bhd (MAH) to issue up to RM3.1 billion in debt notes to part fund its new terminal at the KL International Airport and/or refinance its existing borrowings.

MAHB said on Thursday, Aug 5 the debt notes comprised of Islamic commercial papers (ICP) and Islamic medium term notes (MTN) with a combined aggregate nominal value of up to RM3.1 billion (with a sub-limit of RM1 billion in nominal value for the ICP programme).

MAHB said proceeds raised from the proposed sukuk programmes will be used to part finance the CONSTRUCTION [] of a new terminal'' which is expected to be completed by the end of the first quarter of 2012 and/or to refinance MAHB's existing borrowings/financings which were utilised for Shariah-compliant purposes and/or for MAHB's Shariah-compliant general corporate purposes.

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