KUALA LUMPUR: AME Elite Consortium Bhd’s wholly-owned subsidiary, AME Capital Sdn Bhd, has issued RM300 million in Islamic medium-term notes (IMTN) under its RM1.5 billion IMTN programme.
In a filing with Bursa Malaysia today, AME Elite said the notes have a three-year tenure and will mature on April 18, 2028, with a periodic distribution rate of 4.02 per cent per annum.
"Proceeds raised from the IMTN shall be utilised for the refinancing of existing Islamic financing, including intercompany financing of AME Elite Consortium and its subsidiaries as well as working capital requirements of the group, which shall be shariah-compliant,” it added.
AME Elite said RAM Rating Services Bhd has assigned a long-term credit rating of AA3(s) with a stable outlook to the programme.
"The notes were issued via book building, with RHB Investment Bank Bhd as the sole lead manager,” the company added. - Bernama
