Bank Islam's exposure to AirAsia

Air Asia Sukuk Ijarah of RM500 mil (Joint Arranger & Primary Subscriber)
http://www.bankislam.com.my/bimb_pdf/84743MediaBriefingFYEJune2008.pdf


ARAS SEJAGAT/AIRASIA Issuance: May 5
PRICED: MYR420M
Size: MYR420M Tenor: 5 Yr
Type: Ijarah
Leads: Bank Islam Malaysia, Kuwait Finance House

Readers should note that Bank Islam was the Primary Subscriber to the loan.How much of that loan Bank Islam has been able to off-load, given the problems in the credit market, remains unclear. It is likely that Bank Islam continues to be holder of a substantial amount of that loan.

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