Sime Darby offers to buy 2018 and 2023 sukuks

Malaysian Sime Darby, Japan's Mitsubishi Corporation, Tokyu Land and Hong Kong Land have also signed deals in Jakarta and surrounding areas.

PETALING JAYA: Sime Darby Bhd has launched a tender offer to purchase in cash any and all of its US$400mil sukuk due in 2018 and another US$400mil sukuk due in 2023.

In a statement yesterday, the group said that in connection with the tender offers, the group is also soliciting consent from the holders of the respective issuances. Among others, it seeks the substitution of Sime Darby Plantation Sdn Bhd in place of Sime Darby as the new obligor, seller and lessee in respect to the sukuk.