Turus Pesawat Sdn

20-year sukuk with 4.36% yield sold

A 50 basis-point premium for a 20-year sukuk over non-Islamic sovereign debt was paid by the Finance Ministry. This makes it the biggest spread for government-guaranteed syariah-compliant notes in 2012. Turus Pesawat Sdn was appointed to sell the securities which are intended to fund aircraft purchases for Malaysian Airlined. The company managed to sell RM3.4bil of debt in total. The yield of the RM1.65bil portion of 2032 notes was 4.36%.

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