MAHB to issue bonds for LCCT construction and debt refinancing

Malaysia Airports Holdings Bhd (MAHB) reportedly aims to raise approximately USD814 million by issuing USD301 million in Islamic bonds and USD500 million in conventional bonds for funds to build the low-cost carrier terminal and refinance existing debts (Reuters, 21-May-2010). The pricing and tenure of the bonds will only be determined when the process starts in Jun-2010.