KUALA LUMPUR: Malaysia Airports Holdings Bhd
(MAHB) has priced and issued its third senior sukuk wakalah, valued at RM1.6 billion, under its sukuk wakalah programme, which has an aggregate limit of RM5 billion in nominal value.
In a statement today, the group said overwhelming investor demand led to an oversubscription rate of more than 3.6 times at its peak.
The triple-tranche offering comprises a five-year RM400 million senior sukuk wakalah, a seven-year RM600 million senior sukuk wakalah and a 10-year RM600 million senior sukuk wakalah.
MAHB managing director Datuk Mohd Izani Ghani said the sukuk issuance is a testament to the confidence investors have in the group.
"It reflects our resilience and our ability to navigate challenges while remaining focused on long-term value creation. Moving forward, we aim to be a regular issuer in the Malaysian debt capital markets to support our growth and operational needs.
"Additionally, we aspire to raise sustainable financing as part of our efforts to align with net-zero goals and advance our ESG agenda,” he said.
Malaysia Airports said on the back of a strong and healthy orderbook, the operator tightened its offering yield and achieved a final profit rate of 3.95 per cent per annum (p.a.), 4.02 per cent p.a. and 4.08 per cent p.a., representing the tightest spread ever achieved across the respective tenors.
Proceeds raised from the sukuk issuance shall be utilised by the group of companies to refinance maturing borrowings at a lower funding rate, according to the statement. - Bernama
