DRB-Hicom plans up to RM3.5b sukuk with 30-year tenure


DRB-Hicom (pic) said it had lodged with the Securities Commission on Oct 25 for the establishment of the sukuk wakalah programme, which would have a tenure of up to 30 years.

PETALING JAYA: DRB-Hicom Bhd plans to undertake an Islamic medium-term note (IMTN) or sukuk wakalah programme of up to RM3.5bil.

It said it had lodged with the Securities Commission on Oct 25 for the establishment of the sukuk wakalah programme, which would have a tenure of up to 30 years.

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Billed as RM148.00/year

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DRB-Hicom , plans , sukuk , 30-year , tenure , wakalah , proceeds , refinance ,

   

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