IJM inks RM360mil Sukuk Murabahah subscription with CIMB

From left: CIMB group head of corporate banking Lo Nyen Khing, CIMB Investment Bank Bhd deputy CEO Nor Masliza Sulaiman and IJM Corp deputy CEO & deputy managing director Lee Chun Fai.

KUALA LUMPUR: IJM Corp Bhd, via its wholly-owned subsidiary, Fairview Valley Sdn Bhd has entered into a subscription agreement with CIMB Investment Bank Bhd and CIMB Islamic Bank Bhd for the inaugural RM360mil nominal value Sukuk Murabahah.

The Sukuk will be issued under an Islamic Medium Term Notes Programme based on the Shariah-principle of Murabahah (via Tawarruq arrangement) (Sukuk Murabahah Programme).