Malaysia Airlines to redeem RM1.5b sukuk early

Malaysia Airlines Bhd, which is in the midst of negotiating with its creditors including aircraft lessors to restructure its whopping debts, is redeeming its RM1.5 billion sukuk musharakah early, after previously deferring repayment by six months.

According to a filing by CIMB Investment Bank on Bank Negara Malaysia's Fully Automated System for Issuing and or Tendering, the national carrier intends to redeem the issuance in whole.

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