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Prospect News home > News index > List of issuers M > Headlines for Matang Highway Sdn. Bhd. > News item
Published on 3/28/2008 in the Prospect News Emerging Markets Daily.

Malaysia's Matang Highway plans 70 million ringgit sukuk

By Aaron Hochman-Zimmerman

New York, March 28 - Matang Highway Sdn. Bhd. (AA, local) announced plans to offer a 70 million ringgit sukuk, according to a press release.

Proceeds will be used to refinance debt issued by AmInvestment Bank Bhd. for the construction of a highway between Kuching, Malaysia, and the government complex near Matang and for working capital.

The issuer is a government entity established to fund the construction of the highway.


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