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TH Plantations' unit raises RM650 mln through Sukuk Wakalah issuance

03/10/2022 07:08 PM

KUALA LUMPUR, Oct 3 (Bernama) -- TH Plantations Bhd’s special purpose vehicle THP Suria Mekar Sdn Bhd (TSM) has issued RM650 million in nominal value of senior Sukuk Wakalah.

These Islamic medium-term notes have tenures ranging from four to 11 years.

“The proceeds from the issuance will be utilised by TSM to refinance existing outstanding sukuk issued under TSM’s existing Sukuk Murabahah Programme of up to RM1.2 billion in nominal value,” TH Plantations said in a filing with Bursa Malaysia today.

TH Plantations is the plantation arm of Lembaga Tabung Haji, which owns a 73.84 per cent stake.

Maybank Investment Bank Bhd is the principal adviser, lead arranger and lead manager for the Sukuk Wakalah Programme.



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