AZRB unit issues sukuk of RM535mil


  • Construction
  • Thursday, 05 Sep 2019

The proceeds raised from the issuance will be advanced to AZRB for the syariah-compliant general working capital requirements and corporate purposes of AZRB. (File pic shows AZRB flyover construction.)

KUALA LUMPUR: Ahmad Zaki Resources Bh’s (AZRB) unit has lodged its Islamic medium term notes facility of up to RM535mil with the Securities Commission.

The construction company said yesterday 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 syariah-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 Corp Bhd.

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


Article type: metered
User Type: anonymous web
User Status:
Campaign ID: 7
Cxense type: free
User access status: 3

AZRB , Ahmad Zaki , construction , sukuk , syariah compliant ,

   

Across The Star Online