Business News

Thursday, 16 March 2017

UEM Edgenta to make RM1b sukuk issuance

In a filing with Bursa Malaysia, it said the proceeds raised from the sukuk programmes would be utilised for its syariah-compliant general corporate purposes.

In a filing with Bursa Malaysia, it said the proceeds raised from the sukuk programmes would be utilised for its syariah-compliant general corporate purposes.

KUALA LUMPUR: UEM Edgenta Bhd will issue Islamic commercial papers (ICP programme) and Islamic medium-term notes (IMTN) with a combined aggregate up to RM1bil in nominal value and a sub-limit of RM300mil.

In a filing with Bursa Malaysia, it said the proceeds raised from the sukuk programmes would be utilised for its syariah-compliant general corporate purposes.

The company added that it had lodged the required information and relevant documents relating to the proposed sukuk programmes to the Securities Commission.

The ICP programme has been assigned a preliminary rating of MARC-1/S and the IMTN programme has been assigned a preliminary rating of AA-IS by Malaysian Rating Corp Bhd, it added.

UEM Edgenta ended unchanged at RM3.20 yesterday. — Bernama

Tags / Keywords: UEM , Edgenta , sukuk

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