LBS Bina Group Bhd group executive chairman Tan Sri Lim Hock San.
KUALA LUMPUR: LBS Bina Group Bhd
has successfully issued the second tranche of Asean Social SRI Sukuk Wakalah, amounting to RM400mil in nominal value under its existing RM750mil Sukuk Wakalah Programme, which is rated AA-IS with a stable outlook by MARC Ratings Bhd.
The developer said the unsecured Second Tranche was issued with a periodic distribution rate of 4.81% per annum. It has a tenure of 7 years and will mature on January 23, 2023.
