Kuala Lumpur Sentral (KLSSB) has closed its Sukuk Musharakah worth RM720 million (US$208.66 million). The Sukuk was arranged and managed by HSBC Bank Malaysia, Kuwait Finance House Malaysia and advised by Newfields Advisors. KLSBB is a 64.88% subsidiary of Malaysian Resources Corporations (MRCB). The Sukuk was issued to refinance KLSSB’s 10-year Bai Bithaman Ajil Islamic debt securities (BaIDS) issued in 2001, then totaling RM920 million (US$266.65 million). The issuance saw a 100% Malaysian uptake, including asset management and insurance companies.....