Amanat Lebuhraya Rakyat successfully prices RM5.5bil AAA-rated Sustainability Sukuk Murabahah

KUALA LUMPUR: Amanat Lebuhraya Rakyat Bhd (ALR) has successfully priced RM5.5bil in nominal value AAA-rated Sustainability Sukuk Murabahah on Sept 23, 2022.

In a statement, the highway concessions company's representative banks said the investor appetite for ALR’s Sustainability Sukuk Murabahah was healthy as represented by an oversubscription of the order book despite the heightened market volatility.

"ALR therefore has completed its substantive conditions precedent and is working towards practical completion of the transaction with the Government of Malaysia with issuance of the Sustainability

Sukuk Murabahah and final completion expected to be achieved by early to mid-October 2022," it added.