BUSINESS

SUNWAY SUCCESSFULLY ISSUES RM300 MILLION SUKUK

20/03/2019 07:21 PM

KUALA LUMPUR, March 20 (Bernama) -- Sunway Bhd’s subsidiary, Sunway Treasury Sukuk Sdn Bhd (STSSB) has successfully made its first Islamic Commercial Papers (ICPs) issuance of RM300 million under the sukuk programme.

In a filing with Bursa Malaysia today, the group said the ICPs have been issued at a profit rate of 3.90 per cent per annum.

Sunway said the ICPs issued by STSSB would not have any impact on the share capital, net asset per share, earnings per share, or the substantial shareholding structure of the group.

The group has set up a sukuk programme, the seven-year Islamic Commercial Papers/Islamic Medium Term Notes Programme under the Syariah principle of Mudharabah via STSSB to raise up to RM10 billion in nominal value to finance its investment activities, capital expenditure and working capital.

Proceeds will also be used to fund general corporate expenses, and for the repayment of existing or future borrowings.

-- BERNAMA

 


SPSA SPSA MB


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