Aeon Credit Issues 10th Senior Sukuk Worth RM600 Mln

KUALA LUMPUR, Sept 18 (Bernama) -- AEON Credit Service (M) Bhd has issued its 10th senior sukuk with a nominal amount of RM600 million and a seven-year tenure.

The company said in a Bursa Malaysia filing today that proceeds from the senior sukuk would be utilised for financing disbursements based on shariah principles. 

“The funds would also be used to refinance any existing loans or financing of the company, or any sukuk previously issued,” said the filing, adding that all utilisation of proceeds under the sukuk wakalah programme shall be shariah-compliant.

-- BERNAMA