KUALA LUMPUR: Genting Plantations Bhd
’s (GENP) wholly owned subsidiary, Benih Restu Bhd has undertaken its first issuance of RM1.2 billion in nominal value of Islamic medium-term notes (sukuk wakalah) under the sukuk wakalah programme of RM2.0 billion in nominal value of the shariah principle of Wakalah Bi Al-Istithmar.
In a filing with Bursa Malaysia today, GENP said the sukuk wakalah issued has a tenure of 10 years at a profit rate of 4.08 per cent per annum.
