ALR successfully prices sukuk

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 with issuance of the sukuk and the final completion is expected to be achieved by early to mid-October 2022.”