PETALING JAYA: Sime Darby Property Bhd
has completed its third Sukuk issuance under its Sukuk Musharakah Programme, with RM800mil in nominal value as part of its RM4.5bil programme.
The group said the sukuk is oversubscribed by 6.74 times, with the issuance accumulating an order book valued at RM5.4bil.
In a media statement, Sime Darby Property said the latest issuance demonstrates strong investor appetite for the group’s investment-grade credit and longer-dated instruments ranging from seven to 15-year tenures, with weighted average profit rates of 4.02% per annum.
“The tighter pricing reflects investor confidence and alignment with Sime Darby Property’s strategy for long term value creation.
“Despite prevailing global market uncertainties and volatilities with recent tariff developments, the issuance garnered robust support and participation from 51 institutional investors, which include asset management firms, pension funds, insurance companies, financial institutions and government agencies,” it said.
Its group managing director and chief executive officer Datuk Seri Azmir Merican said Sime Darby Property’s focus remains on long-term value creation and recurring income streams, particularly in the industrial and logistics sectors, as well as entry into the data centre sector.
