FGV to refinance its borrowings

PETALING JAYA: FGV Holdings Bhd is planning to raise RM500mil through the sukuk murabahah programme that will be used to refinance its borrowings.

In a filing with Bursa Malaysia yesterday, the world’s largest crude palm oil producer said the sukuk will have a tenure of eight years, while each individual issue of sukuk under the programme will have a tenure of one to eight years.