PETALING JAYA: Malaysia Airlines (MAS) has secured investors, mostly in the form of government-linked investment companies (GLICs), to take up the bonds it will be issuing, including the debt papers to be issued by the special purpose vehicle (SPV) to fund MAS' aircraft purchases, reliable sources said.
“Those that will subscribe to most of the bonds, especially for the government-guaranteed RM5.3bil bonds, are likely to be institutions such as the Retirement Fund Inc (KWAP), Employees Provident Fund, Armed Forces Fund Board (LTAT) and Permodalan Nasional Bhd. Other takers may include unit trust and insurance companies,” one banking source said.
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