IslamicFinance.de

Infrastructure sukuk has received a major boost after Projek Lebuhraya Usahasama Berhad (PLUS Berhad) closed a record landmark RM30.6 billion sukuk issuance program including both government guaranteed (GG) and non-government guaranteed AAA-rated (AAA) issuances of varying tenors, sizes and expected returns and yields to maturity (YTMs).
The issuance was through PLUS Malaysia Sdn Bh, which is a jointly-owned special purpose company of UEM Group Berhad and the Employees Provident Fund (EPF), which was arranged to obtain the Malaysian business and undertakings including the assets and liabilities of PLUS Expressways Berhad, the major provider of expressway operation services in Malaysia, under a privatization exercise.