KUALA LUMPUR: Mah Sing Group Bhd has completed an issuance of secured and unrated Sukuk Murabahah of RM300mil in nominal value under its existing programme.

       In a filing with Bursa Malaysia yesterday, the developer said the Sukuk Murabahah has a tenure of five years and carries a fixed profit rate of 4.90% per annum payable semi-annually.

       The Sukuk Murabahah is secured by assets owned by the company’s subsidiaries and certain designated accounts.