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MAS plans $798mn Islamic bonds
01 June 2012
Malaysia Airlines (MAS) has announced a Sukuk programme as part of a three-pronged funding plan.
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MAS
Malaysia Airlines
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The Malaysian flag carrier is planning a three-pronged funding plan consisting of Sukuk bonds, leasing aircraft from an external lessor, and the commercial funding of capital expenditure.
The airline will issue a Sukuk programme of up to 2.5 billion ringgit (RM), $798 million. The airline has described the deal as a “corporate perpetual Sukuk” – the first of its kind, according to the carrier.
The...
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