The company said in its Bursa Malaysia announcement that the proceeds from this Islamic debt issuance would be to part-finance the costs and expenses associated with the design, engineering, procurement, construction and commissioning, ownership, operation and maintenance of 3x30MWAC solar photovoltaic power plant projects.
PETALING JAYA: Cypark Resources Bhd
’s unit, Cypark Ref Sdn Bhd, is proposing to set up an SRI Sukuk Murabahah Programme to finance its solar photovoltaic power plant projects.
The sukuk will have a tenure of up to 22 years commencing from the date of the first issuance, it said.
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