Thursday, November 8, 2012

US$1.73 billion Sukuk soon to buy planes for ailing national carrier Malaysia Airline System (By IFN)

Tuesday 6th November 2012



MALAYSIA: The sale of a RM5.3 billion (US$1.73 billion) Sukuk to fund the purchase of aircraft which will be leased to ailing national carrier Malaysia Airline System (MAS) is expected to come to market soon.

The Sukuk represents the second phase of the carrier’s funding plan unveiled in May this year, which include a landmark perpetual Sukuk sold in two tranches in June and September; and plans for a commercial loan.

See: http://www.islamicfinancenews.com/

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