Glomac establishes RM3bil sukuk wakalah programme

From left: Glomac Bina executive director FD Idzham FD Iskandar, Glomac group managing director/chief executive officer, Datuk Seri FD Iskandar Mohamed Mansor, Maybank Investment Bank chief executive officer Michael Oh-Lau and Maybank group chief executive officer, Global Banking, Datuk John Chong.

KUALA LUMPUR: Glomac Bhd has established an Islamic medium term notes programme of up to RM3 billion in nominal value, to be utilised for land acquisition, capital expenditure and working capital.

Maybank Investment Bank Bhd is the sole principal adviser, sole lead arranger and sole lead manager while Maybank Islamic Bhd is the shariah adviser for the sukuk wakalah programme.