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MAS gains after selling Islamic bonds

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MAS gains after selling Islamic bonds Empty MAS gains after selling Islamic bonds

Post by hlk Wed 13 Jun 2012, 10:34

The shares of Malaysia Airlines gained as much as 4.5 per cent in the
first 5 minutes of Kuala Lumpur trading, poised for highest close since
May 11.

MAS has found a taker for RM1 billion worth of sukuk,
the first tranche of the airline's RM2.5 billion sukuk issuance,
Business Times reported today.

The RM1 billion tranche was issued to Kumpulan Wang Persaraan yesterday to help shore up MAS' capital base.
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