PETALING JAYA: Johor Plantations Group Bhd
(JPG) has issued its inaugural Sukuk Wakalah in aggregate of RM1.35bil in nominal value (Sukuk Issuance) from its Sukuk Wakalah Programmes.
JPG said the proceeds from the issuance will be used for Shariah-compliant purposes, including refinancing its existing and future Shariah-compliant borrowings, supporting working capital, investments and capital expenditure as well as covering fees and expenses related to establishing the Sukuk Wakalah Programmes.
