PETALING JAYA: TH Plantations Bhd via its special-purpose vehicle, THP Suria Mekar Sdn Bhd (TSM), raised RM650mil via a senior sukuk wakalah issue under its sukuk wakalah programme.
The proceeds from the issuance of the senior sukuk wakalah shall be utilised by TSM to refinance existing outstanding sukuk issued under TSM’s existing sukuk murabahah programme of up to RM1.2bil in nominal value, TH Plantations stated in a filing with Bursa Malaysia yesterday.
Maybank Investment Bank was the principal adviser, lead arranger and lead manager for the sukuk wakalah programme, the company added. The issuance has a tenure of four to 11 years, the filing noted.
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