LRT, MRT owner-operator Prasarana issues RM1.45b bonds

Malaysian government-owned Prasarana Malaysia Bhd issued on Friday (March 4) a combined RM1.45 billion worth of Islamic bonds or sukuk across five tranches which offer investors annual profit rates of between 3.93% and 4.65%, according to updates on the Bond and Sukuk Information Exchange's (BIX) website.

The Malaysian government-guaranteed Islamic medium-term notes (IMTNs) have tenures of between nine and 25 years, according to the BIX. The purpose of the bond issuance was, however, not specified.

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