MAS gains after selling Islamic bonds

Publish date: Wed, 13 Jun 2012, 09:21 AM
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.

Labels: MAS

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teysh

Hope MAS so called another business turn-arounds really work this time by the so called experience and capable people .Too many bailouts over the years and yet to see good things .I am not optimistic.maybe if fail again,let people from Airasia do something

2012-06-13 11:36

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