Malaysia Airlines prices rights issue of up to $1 billion

The country’s national carrier, which is majority-owned by Khazanah, sets the issue price at a discount of about 34.3% to the Terp.
<div style="text-align: left;"> A Malaysia Airlines A380, en route to Paris </div>
<div style="text-align: left;"> A Malaysia Airlines A380, en route to Paris </div>
April 15, 2013

Malaysian Airline System (MAS), which is majority-owned by Khazanah Nasional, plans to raise up to M$3.07 billion ($1 billion) from a rights issue. It will use the proceeds for working capital, capital expenditure, such as new aircraft, and repaying debt.

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