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LPPSA issues second series of RM3.25 bln sukuk

LPPSA issues second series of RM3.25 bln sukuk
The second series of sukuk is to finance the provision of housing loans to the public sector. - FILEpic
KUALA LUMPUR: Lembaga Pembiayaan Perumahan Sektor Awam (LPPSA) has today 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 today, 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.

"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.

It said Affin Hwang Investment Bank Bhd, AmInvestment Bank Bhd, Bank Islam Malaysia Bhd, CIMB Investment Bank Bhd, Maybank Investment Bank Bhd, OCBC Bank (M) Bhd and RHB Investment Bank Bhd were the joint lead managers and joint book runners for this book-building exercise.

CIMB Investment Bank Bhd is the facility agent and RHB Islamic Bank Bhd is the syariah adviser for the Financing Programme, it said.

-- BERNAMA