UEM Sunrise completesRM500mil Islamic MTN issuances

KUALA LUMPUR: UEM Sunrise Bhd has successfully completed the issuance of RM500 million in nominal value Islamic medium-term notes (IMTN).

The group noted that the new issuance, together with an Islamic commercial papers programme, shall have a combined aggregate limit of up to RM4.0 billion in nominal value, based on the shariah principle of Murabahah, via a tawarruq arrangement.