KUALA LUMPUR: The government is issuing a RM8 billion government guaranteed sukuk as the first tranche for the financing of the Mass Rapid Transit (MRT) project’s Sungai Buloh - Kajang line (SBK Blue Line), estimated to be worth more than RM30 billion.

KUALA LUMPUR, July 3 (Bernama) -- The government is issuing a RM8 billion government guaranteed sukuk as the first tranche of financing of the Mass Rapid Transit (MRT) project's Sungai Buloh - Kajang line (SBK Blue Line), estimated to be worth more than RM30 billion.

KUALA LUMPUR: State-run Dana Infra Sdn, which finances the Klang Valley My Rapid Transit (MRT), will pay almost half a percentage point less than benchmark corporate rates on its sukuk because of a government guarantee and insurer demand, MCIS Zurich Insurance Bhd and RHB Investment Bank Bhd said.

Malaysia aims to raise as much 30 billion ringgit ($9.9 billion) through an Islamic bond program to fund construction of a mass railway in the Southeast Asian nation’s capital, the project’s manager said.