Exsim raises RM3 bil via two sukuk issuances

(First from left): EXSIM Group managing director Lim Aik Hoe and Danajamin Nasional chief executive officer Mohamed Nazri Omar (second from left) at the launch of EXSIM's sukuk programmes yesterday.

KUALA LUMPUR: EXSIM Development Sdn Bhd (EXSIM Group) has issued its second sukuk programme worth RM3bil to refinance its existing borrowings, purchase new land and finance its working capital.

The sukuk programme comprised RM2bil Islamic Medium-Term Note programme (IMTN Programme), and a RM1bil Islamic Commercial Papers Programme (ICP Programme). The sukuk is issued via EXSIM’s special purpose vehicle, EXSIM Ventures Bhd.