Thursday, 18 July 2013

Pasarana plans RM4bn sukuk for rail network extension

Public transport operator Syarikat Prasarana Negara Bhd plans to sell RM4bn of sukuk as it extends a rail network here as part of the government's 10-year development plan. "We hope to sell RM1bn in tenors of 10 to 15 years early next month as we need the money for the line extension," said group finance director Mohd Zahir Zahur Hussain, an interview here yesterday. "We will look into selling the second portion of RM1bn in September and another RM2bn towards the end of the year." (BT)

Source: CIMB Daybreak - 18 July 2013

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