LPPSA issues second series of RM3.25b sukuk

  • Business
  • Thursday, 20 Apr 2017

KUALA LUMPUR: Lembaga Pembiayaan Perumahan Sektor Awam (LPPSA) on Thursday issued a second series of sukuk of up to RM3.25 billion, which is to finance housing loans to the public sector.

LPPSA is a statutory body under the public sector Home Financing Board Act 2015.

LPPSA said in a statement the RM3.25 billion Islamic medium-term notes were part of its RM25 billion Islamic commercial papers/Islamic medium-term notes programme and was guaranteed by the Government.

"The sukuk, offered through book-building process, is issued in tranches of five- to 30-year and is priced at 4.17% to 5.225% per annum across tenures," it said.

It said Affin Hwang Investment Bank Bhd, AmInvestment Bank Bhd, Bank Islam Malaysia Bhd, CIMB Investment Bank Bhd, Maybank Investment Bank Bhd, OCBC Bank (M) Bhd and RHB Investment Bank Bhd were the joint lead managers and joint book runners for the book-building exercise.

CIMB Investment Bank Bhd is the facility agent and RHB Islamic Bank Bhd is the syariah adviser for the financing programme, it said. - Bernama

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