PLUS Berhad Issues World's Largest Sukuk At RM30.6 Billion

KUALA LUMPUR, January 8: Projek Lebuhraya Usahasama Berhad (PLUS Berhad) is set to issue RM30.6 billion Sukuk – the largest global Sukuk and Malaysia’s single largest bond issuance to-date.

The Sukuk issuance, scheduled for January 12, follows the privatisation of PLUS Expressways Berhad (PEB) – one of Malaysia’s largest privatisation exercises – and the restructuring of the toll concessions under PEB and Penang Bridge Sdn Bhd (PBSB). The concession agreements of these highways will be novated to PLUS Berhad, a wholly owned subsidiary of PLUS Malaysia Sdn Bhd. The latter is the investment vehicle of UEM Group Berhad (51 percent) and Employees Provident Fund Board (EPF; 49 percent).

See: http://www.kwsp.gov.my/index.php?ch=p2news&pg=en_p2news_press&ac=3770