“For last year, the sukuk which we issued was about 3% oversubscribed, which is a good indication from the market. He noted that Prasarana had received “good support” from the banks that are facilitating its debt issuances. The additional debt to be raised in a month or two would add to this debt burden on Prasarana. The proof that the debt market is healthy is that for the last three weeks, there have been several issuers that have gone to the market, and these are big ones as nobody does less than RM1bil and the market is that liquid. “Some of these issuers were able to raise money for a tenure of over 30 years,” Raja Teh Maimunah added.

Source: The Star April 10, 2017 22:52 UTC