Konsortium Lebuhraya Butterworth-Kulim Sdn Bhd (KBKSB), a subsidiary of MMC Corp Bhd, plans to issue Secured Bai Bithaman Ajil Islamic Debt Securities (BaIDS) worth up to US$65 million (RM247 million). KBKSB, the operator of a toll road linking Penang and Kedah will use the BaIDS`s to refinance the consortium’s outstanding syndicated term-loan facility. The proposed BaIDS are structured in 25 series, with maturities ranging from one year to 17 years from the date of issuance.