MALAYSIA: Potential investors are likely to demand a yield of at least 6% for Malaysian Airline System (MAS)’s planned RM2.5 billion (US$780.88 million) Sukuk program, following the carrier’s recent announcement of a fifth straight quarterly loss; amounting to RM171 million (US$54 million) in the first quarter of this year.
The rate is two percentage points more than the average rate on global Sukuk.