Malaysia Airports raises $151.2 million in sukuk for new terminal

Reuters

KUALA LUMPUR, Sept 6 (Reuters) - Malaysia Airports HoldingsBhd (MAHB) has sold 500 million ringgit ($151.29million) worth of Islamic bonds, or sukuk, to raise funds for a4 billion ringgit terminal for budget airlines.

MAHB previously told Reuters that the company plans to raise1 billion ringgit in sukuk, as costs for the terminal had risento 4 billion ringgit from 3.1 billion ringgit after numerousdelays.

The sukuk, which was oversubscribed by 3.4 times, was takenup by a group comprising government agencies, corporate buyersand financial institutions, MAHB said in a statement on Friday.

CIMB Investment Bank Berhad, Citibank Berhad, HSBCAmanah Malaysia Berhad, and Maybank Investment Bank Berhad are advising MAHB on the sukuk.

Kuala Lumpur International Airport 2, set to be the world'slargest terminal for budget airlines, plans to serve 45 millionpassengers each year to meet the growing number of visitorsusing Malaysia as an entry point to Southeast Asia.

($1 = 3.2750 Malaysian ringgit)

(Reporting By Al-Zaquan Amer Hamzah,; Editing by Matt Driskill)

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