KUALA LUMPUR: Syarikat Prasarana Negara Bhd’s offering of RM1bil in nominal value Islamic Medium Term Notes (MTN) in 10 and 15-year tranches have been snapped up, with bid-to-cover ratios of above three times.
Prasarana finance division group director Mohd Zahir Zahur Hussain said Thursday the Sukuk were priced at the low range of the final price guidance, which demonstrated strong investor appetite and ample liquidity in the market for high-grade papers with government guarantee like the Sukuk.
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