Public housing body issues second series of sukuk

KUALA LUMPUR: Lembaga Pembiayaan Perumahan Sektor Awam (LPPSA) yesterday successfully issued a second series of sukuk of up to RM3.25 billion, to provide housing loans to the public sector.
LPPSA is a statutory body set up under the public sector Home Financing Board Act 2015.
The RM3.25 billion Islamic Medium-Term Notes issue forms part of LPPSA’s RM25 billion Islamic Commercial Papers/Islamic Medium-Term Notes Programme and is guaranteed by the government.
The sukuk, offered through a book-building process, is issued in tranches of five to 30 years and is priced at 4.17% to 5.225% per annum.
Affin Hwang Investment Bank, AmInvestment Bank, Bank Islam Malaysia, CIMB Investment Bank, Maybank Investment Bank, OCBC Bank (M) and RHB Investment Bank are the joint lead managers and joint book runners for the book-building exercise.
CIMB Investment Bank is the facility agent and RHB Islamic Bank the syariah adviser for the financing programme. – Bernama