KUALA LUMPUR: Genting Plantations Bhd
’s wholly-owned subsidiary, Benih Restu Bhd, has undertaken its second issuance of Islamic medium-term notes (IMTN), totalling RM300mil in nominal value, under the RM1.5bil Sukuk Murabahah Programme via Tawarruq arrangement.
In a filing with Bursa Malaysia, Genting Plantations said the Sukuk Murabahah issued had a tenure of five years at a profit rate of 3.88% per annum.
