| [The Star] Pengurusan Aset Air Bhd (PAAB), the state-owned company in charge of Malaysia’s water services industry, is marketing RM2.5bil of Islamic bonds, according to a person with direct knowledge of the matter. The company told investors it plans to price RM1bil of 3-year sukuk and a similar amount of 5-year notes to yield between 35 bps and 38 bps more than Malaysian government debt, said the person, who asked not to be identified because the information is private. Kuala Lumpur-based PAAB also plans to price RM500mil of 10-year bonds at a spread of between 30 bps and 33 bps, the person said. The offering was scheduled to close yesterday, they said. |
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