UOB Malaysia prices, places out Exsim's RM323m debt notes

The IMTN issuance will be secured against and backed by the executed sales and purchase agreements of EXSIM’s two residential development projects -- D’Quince Residences and D’Vervain Residences (pic).

KUALA LUMPUR: UOB Malaysia has successfully priced and placed out the issuance of four-year RM323 million Islamic Medium Term Notes (IMTN) by property developer EXSIM Group (EXSIM) at a fixed profit rate of 4.5 per cent per annum.

This issuance is the second tranche of EXSIM’s RM2 billion Sukuk Musharakah Programme that monetises future earnings of two sustainable residential developments in the Klang Valley.