Lekas to raise RM1.75b for toll highway project

SUBANG JAYA: Lebuhraya Kajang-Seremban Sdn Bhd (Lekas), a 50% associate company of IJM Corp Bhd, plans to raise RM1.75bil by selling Islamic bonds and loan stocks to fund the construction of a 44.3km toll highway that will connect Kajang, Semenyih and Seremban. 

AmInvestment Bank Bhd, the lead arranger for the financing facilities, has already started a roadshow to meet potential investors for the RM1.42bil Islamic bonds in the form of Sukuk Istisna papers.