IslamicFinance.de

Syarikat Prasarana Negara Bhd is paying 20 per cent less to finance railway expansion than China, as sliding sukuk costs mean. In an interview yesterday the company’s finance director Mohd. Zahir Zahur Hussain said Prasarana RM1 billion each of 2022 and 2027 Syariah-compliant notes to yield 3.77 per cent and 4 per cent, respectively. The government’s debt clearing house website shows China’s Ministry of Railways issued 10-year non-Islamic bonds at a coupon rate of 4.68 per cent on Aug 21 and 15-year securities at 5 per cent.