Plus to raise RM1bil
PETALING JAYA: Toll operator PLUS Expressways Bhd and its unit will raise about RM1bil this year by issuing Islamic papers to fund its expansion and re-finance loan.
The first trenched of its Sukuk papers for RM350mil was expected to be launched over the next three months and used mainly to re-finance its bridging loan, said Plus managing director Noorizan Abd Hamid.
?Liquidity is an issue but with lower interest rates, we are re-looking at the market. We will make sure we get the best rates.