FGV proposes to issue up to RM500mil sukuk Murabahah

KUALA LUMPUR: FGV Holdings Bhd has lodged with the Securities Commission Malaysia (SC) for the proposed establishment of an unrated Islamic medium term notes programme (Sukuk Murabahah) of up to RM500 million.

In a filing to Bursa Malaysia today, the company said it had obtained the endorsement of the SC’s Shariah Advisory Council on December 10 for the sukuk programme and lodgement with the SC was made on December 20.