News
06 September 2017

Malaysia to fund East Coast Rail with Chexim loan and Islamic bond

In:
Transport
Region:
Asia-Pacific

The government of Malaysia plans to complement Chexim funding for the M$55 billion ($12.8 billion) East Coast Rail Link project with a sukuk to cover up to 15% of the cost. The soft loan from Chexim carries an interest rate of 3.25% and follows a November 2016 agreement between...

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