Malaysia Airlines confirms restructuring effective date, RM1.5b sukuk to be cancelled on March 29

KUALA LUMPUR (March 23): Malaysia Airlines Bhd has confirmed that the company’s restructuring effective date occurred yesterday (March 22, 2021) and, accordingly, the group’s Islamic bonds or sukuk of up to RM1.5 billion will be cancelled next Monday (March 29, 2021).

CIMB Investment Bank Bhd, which is is the facilitator of the unrated perpetual sukuk Musharakah of up to RM1.5 billion, said yesterday the Islamic bonds under stock codes PZ160003 and PZ160004 will be cancelled next Monday.

"Please refer to the sukuk trustee for further details,” CIMB said in a filing yesterday on Bank Negara Malaysia’s (BNM) Fully Automated System for Issuing Tendering (FAST) website.

https://www.theedgemarkets.com/article/malaysia-airlines-confirms-restructuring-effective-date-rm15b-sukuk-be-cancelled-march-29