Cypark plans RM500mil Sukuk issue for renewable energy projects 

KUALA LUMPUR: Cypark Resources Bhd is planning to issue up to RM500mil Islamic medium term notes with no maturity date (Sukuk Musharakah), as it seeks fresh funds for its renewable energy projects.

Proceeds from the proposed issuance of the perpetual Sukuk Musharakah will be utilised by wholly owned Cypark Renewable Energy Sdn Bhd to refinane existing borrowings, capital expenditure and working capital.

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Monthly Plan

RM 13.90/month

RM 9.73/month

Billed as RM 9.73 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 8.63/month

Billed as RM 103.60 for the 1st year, RM 148 thereafter.

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cypark , renewable energy

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