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Friday October 9, 2009
PAAB to sell RM2bil bonds
KUALA LUMPUR: Pengurusan Aset Air Bhd (PAAB) will sell RM2bil of Islamic bonds this month to fund projects and refinance debt.
The planned sale was part of the company’s RM20bil Islamic medium-term note programme, CIMB Investment Bank Bhd, the sale arranger, said in an e-mail to investors yesterday.
Bonds in the sale with maturities of five years or less might be offered at 0.3 percentage point more than similar-maturity Malaysian government securities, according to the e-mail.
Notes of longer maturity might be priced at 0.45 percentage point more than similar-maturity government bonds, it said. — Bloomberg
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