AZRB unit sets up Islamic MTN of up to RM535m


  • Corporate News
  • Wednesday, 04 Sep 2019

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KUALA LUMPUR: AHMAD ZAKI RESOURCES BHD's (AZRB) unit has lodged its Islamic medium term notes facility of up to RM535mil with the Securities Commission.

The construction company said on Wednesday its unit AZRB Capital Sdn Bhd's Sukuk Murabahah facility would have a tenure of 12 years from the date of issuance.

The proceeds raised from the issuance will be advanced to AZRB for the Shariah-compliant general working capital requirements and corporate purposes of AZRB.

AZRB said the facility was secured against a list of securities including the guarantee from AZRB. It was accorded with a preliminary long-term rating of AA- (stable outlook) by Malaysian Rating Corporation Bhd.

Maybank Investment Bank is the principal adviser, lead arranger and lead manager.


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AZRB , AZRB Capital , Islamic MTN

   

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