1. Homepage
  2. Equities
  3. Malaysia
  4. BURSA MALAYSIA
  5. Malaysia Airports Holdings Berhad
  6. News
  7. Summary
    AIRPORT   MYL5014OO005

MALAYSIA AIRPORTS HOLDINGS BERHAD

(AIRPORT)
  Report
End-of-day quote BURSA MALAYSIA  -  05-26
6.460 MYR   +0.16%
05/24Malaysia Airports - International Traffic Increases By 53% After Border Reopening
AQ
05/23Malaysia Airports Briefs ICAO President on Plans Towards Sustainable Recovery
AQ
05/23Malaysia Airports Holdings Berhad Reports Traffic Results for the Month and Year to Date Ended April 2022
CI
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsOther languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Malaysia Airports Berhad : Raises RM800.0 Million Senior Sukuk Wakalah Through Its Sukuk Wakalah…

12/30/2021 | 12:07am EDT

Overwhelming demand from investors led to an oversubscription rate of more than 9 times from the initial target issue size of RM500.0 million, resulting in an upsized transaction to fulfil demand

SEPANG- Malaysia Airports Holdings Berhad (MAHB) announced today that it has successfully priced and issued RM800.0 million Senior Sukuk Wakalah pursuant to its Sukuk Wakalah Programme of RM5.0 billion in nominal value. The triple-tranche offering comprises of a 5-year RM475.0 million Sukuk, a 7-year RM225.0 million Sukuk and 10-year RM100.0 million Sukuk.

Offered through a book-building process, the Senior Sukuk Wakalah received overwhelming demand from investors with total orders received exceeding RM4.6 billion at peak, translating into an oversubscription rate of more than 9 times from the initial target issue size of RM500.0 million. On the back of the overwhelming oversubscription rate, the Senior Sukuk Wakalah was upsized to RM800.0 million, representing a commendable book-to-cover ratio of more than 5 times at closing.

The strong order book also allowed MAHB to tighten its offering yield, which resulted in a final profit rate of 3.87% p.a., 4.14% p.a. and 4.25% p.a. respectively. The offering was well received by diversified group of investors and predominantly favoured by asset managers and financial institutions, in addition to strong interests by insurance companies which primarily focused on the long ends with longer duration.

Commenting on the successful issuance of the Senior Sukuk Wakalah, Dato' Iskandar Mizal Mahmood, Managing Director of MAHB said, "Operating in one of largest hit industries by the Covid-19 pandemic, the oversubscription reflects market confidence in MAHB's strong fundamentals and strategic direction."
"We are very pleased with the response and support received on our Sukuk offering and would like to thank the investors for their confidence in the sector's recovery and growth trajectory, despite the challenging market landscape amidst the prolonged global pandemic," he added.

The Sukuk Wakalah Programme, which has a perpetual programme tenure, provides the Company with flexibility to issue the Senior Sukuk Wakalah and/or Perpetual Sukuk Wakalah (collectively, the "Sukuk Wakalah") from time to time, subject to the aggregate outstanding nominal value of the Sukuk Wakalah not exceeding RM5.0 billion at any point in time.

The Senior Sukuk Wakalah and the Perpetual Sukuk Wakalah under the Sukuk Wakalah Programme have been assigned an initial rating of AAA and AA2 respectively, with a stable outlook by RAM Rating Services Berhad. The favourable rating accorded to the Sukuk Wakalah Programme reflects MAHB's solid business profile, track record of prudent financial management and the strategic importance of MAHB's business operations to the Government of Malaysia in view of its role as the sole operator of all 39 government-owned airports in Malaysia.

Proceeds raised from the Sukuk Wakalah Programme may be utilized by the Company for Shariah-compliant purposes comprising, amongst others, working capital requirements, capital expenditure, general investments, other general corporate purposes and refinancing of existing and future financings/borrowings of MAHB Group. This landmark financing serves as a "war-chest" to support the Group's business growth plans and strategies moving forward.

HSBC Amanah Malaysia Berhad and Maybank Investment Bank Berhad are the Joint Principal Advisers and Joint Lead Arrangers for the Sukuk Wakalah Programme, whereas HSBC Amanah Malaysia Berhad, Maybank Investment Bank Berhad and RHB Investment Bank Berhad are the Joint Lead Managers for the Sukuk Wakalah Programme.

Disclaimer

Malaysia Airports Holdings Berhad published this content on 30 December 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 30 December 2021 05:06:03 UTC.


© Publicnow 2021
All news about MALAYSIA AIRPORTS HOLDINGS BERHAD
05/24Malaysia Airports - International Traffic Increases By 53% After Border Reopening
AQ
05/23Malaysia Airports Briefs ICAO President on Plans Towards Sustainable Recovery
AQ
05/23Malaysia Airports Holdings Berhad Reports Traffic Results for the Month and Year to Dat..
CI
05/22MALAYSIA AIRPORTS BERHAD : International Traffic Increases By 53% After Border Reopening
PU
05/20Dato' iskandar mizal mahmood appointed as aci apac regional board director
AQ
05/06G3 Global Bags Airport Security System Development Deal Worth $27 Million; Shares Rally..
MT
04/28Malaysia Airports - Latest SOP Relaxation Will Further Spur Air Travel Recovery
AQ
04/28Malaysia Airports Holdings Berhad Raises RM800.0 Million Senior Sukuk Wakalah Through I..
AQ
04/27MALAYSIA AIRPORTS BERHAD : Raises RM800.0 Million Senior Sukuk Wakalah Through Its Sukuk W..
PU
04/27Malaysia Airports Holdings Berhad Issues Senior Sukuk Wakalah in Aggregate of MYR 800.0..
CI
More news
Financials
Sales 2022 3 307 M 755 M 755 M
Net income 2022 -142 M -32,3 M -32,3 M
Net Debt 2022 3 696 M 844 M 844 M
P/E ratio 2022 -90,2x
Yield 2022 0,11%
Capitalization 10 718 M 2 448 M 2 448 M
EV / Sales 2022 4,36x
EV / Sales 2023 2,92x
Nbr of Employees 9 136
Free-Float 76,8%
Chart MALAYSIA AIRPORTS HOLDINGS BERHAD
Duration : Period :
Malaysia Airports Holdings Berhad Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends MALAYSIA AIRPORTS HOLDINGS BERHAD
Short TermMid-TermLong Term
TrendsBearishNeutralBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 18
Last Close Price 6,46 MYR
Average target price 7,14 MYR
Spread / Average Target 10,5%
EPS Revisions
Managers and Directors
Iskandar Mizal bin Mahmood Managing Director & Director
Mohamed bin Rastam Shahrom Group Chief Financial Officer
Zambry Abd Kadir Non-Independent Non-Executive Chairman
Yiang Ming Lee Chief Information Officer
Nor Azlina Binti Mohammad Isa Head-Technical Services