PLUS plans RM 1 bn Sukuk sales to pay debt, fund projects
PLUS Expressways Bhd, Malaysia’s largest toll-road operator, plans to sell RM 1 bn, 5-year Sukuk to help repay maturing debt and finance expansion projects. Bank Islam Malaysia Bhd and CIMB Islamic Bank Bhd supports the sale of the Sukuk. The company aims to raise RM 350 mn in the coming months to refinance debt maturing in June and to raise another RM 200 mn in the second half of the year to fund a road project in Indonesia.
Syndicate
