KUALA LUMPUR: Property developer S P Setia Bhd has announced a plans to raise RM3bil under the Sukuk Wakalah Programme.
The Sukuk Wakalah Programme allows for the issuance of rated and senior unsecured sukuk from time to time, subject to total outstanding amount of Sukuk Wakalah not exceeding RM3bil at any point in time.
"The preliminary rating of the Sukuk Wakalah Programme is AA-IS," the company said in a filing with Bursa Malaysia today.
HSBC Amanah Malaysia Bhd is the sole Principal Adviser, Joint Lead Arranger, Joint Lead Manager and Shariah Adviser for the Sukuk Wakalah Programme.
Other Joint Lead Arrangers and Joint Lead Managers are Maybank Investment Bank Bhd and RHB Investment Bank Bhd.