KUALA LUMPUR: Sunsuria Bhd
has made a lodgement with the Securities Commission (SC) to establish an Islamic commercial papers (ICP) programme of up to RM500 million in nominal value.
In a Bursa Malaysia filing today, the property developer said the programme provides the group with the flexibility to issue secured and/ or unsecured, rated and/ or unrated sukuk wakalah from time to time, subject to the aggregate outstanding nominal amount not exceeding RM500 million. The lodgement was made under the SC’s lodge and launch framework.
