LPPSA issues second series of RM3.25b sukuk
Published on: Friday, April 21, 2017
Kuala Lumpur: Lembaga Pembiayaan Perumahan Sektor Awam (LPPSA) has successfully issued a second series of sukuk of up to RM3.25 billion, which is to finance the provision of housing loans to the public sector.LPPSA is a statutory body under the public sector Home Financing Board Act 2015.In a statement Thursday, LPPSA said, the RM3.25 billion Islamic Medium-Term Notes (IMTN) formed part of LPPSA's RM25 billion Islamic Commercial Papers/Islamic Medium-Term Notes Programme (ICP/IMTN Programme) and was guaranteed by the government.
ADVERTISEMENT
"The sukuk, offered through book-building process, is issued in tranches of five- to 30- year and is priced at 4.17 per cent to 5.225 per cent per annum across tenures," it said.Stay up-to-date by following Daily Express’s Telegram channel.
Daily Express Malaysia
