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KUALA LUMPUR, Aug 7 - Public transport operatorPrasarana Malaysia Bhd is looking to issue 1.7 billion ringgit($403.13 million) worth of sukuk in the middle of this month,The Edge Weekly reported on Saturday citing unidentifiedsources.
The bus and rail services provider, wholly owned by theMinistry of Finance, has engaged six local investment banks -Maybank, CIMB, RHB, AmInvestment, Kenanga and Bank Islam to workon the issuance, the newspaper said.
The tenure of the Islamic debt papers could range from fiveto 20 years, it added. REUTERS