Malaysia Rail Link (MRL), incorporated in 2016 as a wholly owned vehicle of the Ministry of Finance, launched its RM1.5 billion ($349 million) Sustainable Development Goals (SDG) sukuk, marking the first government-guaranteed SDG sukuk in the Malaysian ringgit market.
Proceeds will fund the electrified East Coast Rail Link, a project designed to knit Kelantan, Terengganu and Pahang into the Greater Klang Valley.
The deal opens MRL’s Islamic commercial papers and Islamic medium-term notes programme, which permits issuances of up to RM10.21
Thanks for your interest in Euromoney!
To unlock this article:
