PLUS Expressways 4.50% Sukuk Musharakah 2038
MYBMX2400234 · Infrastructure
Back to DashboardCompareAAA
AAAMusharakahMYR🛣️ Infrastructure
PLUS Expressways 4.50% Sukuk Musharakah 2038
Issued by Projek Lebuhraya Usahasama Berhad
Current Yield
4.55%
0.00% vs issuance
Coupon Rate
4.50%
at issuance 4.55%
Maturity
12.0yr
01 Mar 2038
Face Value
MYR 3.5B
2.9x oversubscribed
Issuance Details
- ISIN
- MYBMX2400234
- Structure
- Musharakah
- Issuance Date
- 01 Mar 2024
- Maturity Date
- 01 Mar 2038
- Tenor
- 14 years
- Status
- Active
- Lead Arranger
- CIMB Investment Bank
- Trustee
- Maybank Trustees Berhad
Ratings
RAM
Stable outlook
Rated 20 Feb 2024
Use of Proceeds
Long-term highway expansion and upgrades under the concessionaire agreement with the Malaysian government.
Plain-Language Summary
AI-ReadyPLUS's 14-year Musharakah sukuk is one of the longest-tenor AAA sukuk in Malaysia. The extended maturity provides long-duration Islamic fixed income exposure for pension funds and insurance companies. Co-ownership of expressway assets provides tangible asset backing.