Tropicana Corp issues RM200m Islamic medium term notes


HSBC Malaysia CEO Stuart Milne said HSBC Malaysia and HSBC Amanah have been providing financial support to Tropicana for more than a decade.

KUALA LUMPUR: Tropicana Corporation Bhd issued the first tranche of RM200mil, seven-year Islamic medium terms notes (IMTN) on a private placement basis.

HSBC Amanah Malaysia Bhd acted as the sole principal adviser, lead arranger and lead manager for the issuance under Tropicana Corporation’s newly established RM1.5bil A+ rated senior secured Sukuk Wakalah programme.

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