Affin Investment Bank has been appointed principal adviser and lead arranger for the proposed RM752.24 million (US$229.73 million) Sukuk Mudarabah to be issued by Manfaat Tetap.
Manfaat Tetap, a wholly owned subsidiary of Sistem Lingkaran-Lebuhraya Kajang, was a special purpose vehicle set up to refinance SILK’s existing RM2.01 billion (US$614.3 million) Bai Bithaman Ajil Islamic debt securities (BaIDS).
SILK is a wholly owned subsidiary of Sunway Infrastructure, which was granted the 36-year concession to design, construct, manage, operate and maintain the SILK Highway.