PENERBANGAN Malaysia Bhd issued RM1.5 billion Islamic bonds
Filed Under (Business News) by Webmaster on 11-03-2009
Tagged Under : Islamic Bonds, lease airplane, Mas, PENERBANGAN Malaysia Bhd, PMB
PENERBANGAN Malaysia Bhd, which leases aircraft to MAS, has issued RM1.5 billion (US$406.5 million) of 5-year Islamic notes to refinance its borrowings, the firm said today.
The issuance was larger than the RM1.2 billion initially planned and priced at 49 basis points above 5-year government bonds, Penerbangan said.
“The issue was significantly oversubscribed and attracted RM6.38 billion in book size from investors, representing a subscription rate of 4.25 times within the book building period,” Penerbangan said in a statement. – REUTERS
