PETALING JAYA: Keyfield International Bhd
has submitted the necessary information and relevant documents for its sukuk wakalah programme, with a nominal value of up to RM1bil, to the Securities Commission.
In a statement, the company said the programme, based on the syariah principle of Wakalah Bi Al-Istithmar, has been assigned a long-term rating of AA3 with a stable outlook by RAM Rating Services Bhd.
It is structured with a tenure of 30 years, while each sukuk wakalah issued will have a tenure of one year or more.
The proceeds will be used to support the group’s syariah-compliant activities, including investments, general corporate needs, capital expenses, working capital and potential refinancing of future financing.
Additionally, Keyfield intends to utilise the proceeds for both oil and gas, as well as non-oil and gas offshore works, alongside other maritime-related services.
Group chief executive officer Datuk Darren Kee Chit Huei said the programme enables the group to access the debt capital market at competitive rates, ultimately enhancing shareholder returns by providing the flexibility to pursue new strategic investment opportunities at lower costs.
Maybank Investment Bank Bhd is the principal adviser, lead arranger and lead manager for the programme, with Maybank Islamic Bhd acting as the syariah adviser.
