Prasarana Malaysia Berhad, founded in 1998 and headquartered in Kuala Lumpur, serves as a pivotal player in Malaysia's transportation industry, with a mission to develop, manage, and operate efficient public transport systems. The company is renowned for its extensive network of rail and bus services, which are integral to urban mobility in the region.
Company overview and issue history are AI generated, and should not be cited or relied on without verification.
Prasarana has been actively issuing bonds since its inception, with notable issuances aimed at funding its transportation infrastructure projects. In 2020, the company issued RM1.5 billion in Islamic bonds, part of a larger sukuk program, to finance the expansion of its MRT projects amidst the growing demand for public transport solutions. As of late 2023, the yields on Prasarana’s bonds are competitive compared to industry averages, reflecting strong investor confidence. Notably, the bonds feature periodic profit-sharing mechanisms, appealing to a broad range of investors focused on ethical financing.