KUALA LUMPUR, Sept 6 Malaysia Airports Holdings
Bhd (MAHB) has sold 500 million ringgit ($151.29
million) worth of Islamic bonds, or sukuk, to raise funds for a
4 billion ringgit terminal for budget airlines.
MAHB previously told Reuters that the company plans to raise
1 billion ringgit in sukuk, as costs for the terminal had risen
to 4 billion ringgit from 3.1 billion ringgit after numerous
The sukuk, which was oversubscribed by 3.4 times, was taken
up by a group comprising government agencies, corporate buyers
and financial institutions, MAHB said in a statement on Friday.
CIMB Investment Bank Berhad, Citibank Berhad, HSBC
Amanah Malaysia Berhad, and Maybank Investment Bank Berhad
are advising MAHB on the sukuk.
Kuala Lumpur International Airport 2, set to be the world's
largest terminal for budget airlines, plans to serve 45 million
passengers each year to meet the growing number of visitors
using Malaysia as an entry point to Southeast Asia.
($1 = 3.2750 Malaysian ringgit)
(Reporting By Al-Zaquan Amer Hamzah,; Editing by Matt Driskill)