KUALA LUMPUR: Kumpulan Perangsang Selangor Bhd
's unit (KPS) Perangsang Capital Sdn Bhd has proposed to set up an unrated unrated Islamic medium term notes programme of up to RM500mil in nominal value.
KPS, an infrastructure company, announced on Monday that Perangsang Capital had lodged with the Securities Commission to set up the programe under the Shariah principle of Murabahah (via Tawarruq arrangement).
It said the programme has a tenure of up to 15 years from the date of the first issuance.
The proceeds from the issuance of the Sukuk Murabahah shall be used for general corporate purposes and/or refinancing of existing/future borrowings/financing and also to refinance any maturing Sukuk Murabahah issued under the programme.
Maybank Investment Bank is the principal adviser, lead arranger and lead manager for the Sukuk Murabahah programme.