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Wednesday November 23, 2011

Senai Airport to issue Islamic notes

PETALING JAYA: MMC Corp Bhd’s wholly-owned subsidiary Senai Airport Terminal Services Sdn Bhd has established an Islamic medium-term notes programme worth RM330mil.

The proceeds will be used to finance, among others, the development of Sultan Ismail International Airport in Johor Baru and 1,100ha at the airport into a cargo and logistics hub, high-tech industries park and mixed development known as Senai Airport City.

The programme will have a tenure of 13 years from the date of the first issuance, which is expected to be by the end of November.

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