Paramount issues first sustainability-linked sukuk wakalah

KUALA LUMPUR: Paramount Corp Bhd has issued its first sustainability-linked sukuk wakalah (SLS) of RM100mil in nominal value today with AmBank Islamic Bhd as the sole subscriber.

In a statement, the group said the SLS was issued out of Paramount’s unrated Islamic medium-term notes programme of up to RM1bil in nominal value based on the Shariah principle of Wakalah Bi-Al Istithmar.