Mah Sing Group Bhd”s RM540 million perpetual sukuk wins IFN”s award

Mah Sing Group Bhd''s RM540 million perpetual sukuk wins IFN''s award

KUALA LUMPUR, Feb 23 — Mah Sing Group Bhd’s RM540 million perpetual sukuk, which was completed in March 2015, received the Islamic Finance News (IFN) “Perpetual Deal of the Year Award 2015.

Mah Sing Group Managing Director Tan Sri Leong Hoy Kum said it was an honour to be the only property developer to win the Perpetual Deal Award.

“We are also gratified that the investment fraternity showed their confidence in Mah Sing’s management and belief in our track record, in taking up the issue,” Leong said in a statement today.

Over 20 transactions were nominated for the Deal of the Year in 2015.

Organised by Islamic Finance News since 2006, the award is given to just one transaction in each category, recognising industry and market leading practitioners in Islamic finance.

The RM540 million perpetual sukuk was successfully placed out to a diverse group of investors, including an insurance company, a fund manager, banks and private banking accounts.