[August 2013] Malaysia Airports plans RM1bil sukuk KUALA LUMPUR: - TopicsExpress

[August 2013] Malaysia Airports plans RM1bil sukuk KUALA LUMPUR: The operator of Malaysia’s international airport plans to sell RM1bil of Islamic bonds to finance the construction of a budget terminal that’s costing more than initial estimates. Malaysia Airports Holdings Bhd (MAHB) was considering selling sukuk without a set maturity to ensure its debt didn’t exceed shareholders’ funds, chief financial officer Faizal Mansor said in an interview from Sepang. The perpetual notes are treated as equity rather than debt on a company’s balance sheet. Read more: alfalahconsulting/2013/08/malaysia-airports-plans-rm1bil-sukuk.html

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