Public Sector Home Financing Board launch RM25b debt programmes

KUALA LUMPUR: The Public Sector Home Financing Board (LPPSA) announced its maiden RM25 billion sukuk/bond programmes comprising Islamic Commercial Papers/Islamic Medium Term Notes (ICP/IMTN Programme) and Conventional Commercial Papers/Medium Term Notes Programme (CP/MTN).
The sukuk/bond programmes will be issued by LPPSA to finance the provision of housing loans to civil servants, and will be guaranteed by the government.
LPPSA chairman Tan Sri Mohd Irwan Serigar Abdullah said during the investor briefing today that based on the estimated annual funding requirement, LPPSA will issue RM7 billion to RM10 billion per year with a tenure of three to 30 years.
The first issuance is expected sometime in July.