Business News

Published: Thursday August 15, 2013 MYT 3:45:00 PM
Updated: Thursday August 15, 2013 MYT 3:47:17 PM

MAHB plans RM1bil Sukuk for delayed budget terminal

KUALA LUMPUR: Malaysia Airports Holdings Bhd (MAHB) plans to raise RM1bil of Islamic bonds which would be used to fund the building of the budget terminal, Bloomberg reports.

Quoting MAHB chief financial officer, Faizal Mansor, it said on Thursday the airport operator was considering selling the Sukuk without a set maturity to ensure its debt doesn't exceed shareholders funds.

"Originally, the cost for the budget terminal was RM3.1bil and now it's estimated at about RM4bil," Faizal said.

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