KUALA LUMPUR: Sunway City Sdn Bhd’s 100% owned subsidiary, Sunway Iskandar Development Sdn Bhd (SIDSB), has made its first issuance of Tranche 1 Series 1 Sustainability medium-term notes (MTN) of RM230mil in nominal value under its MTN Programme.
Sunway City is a wholly owned subsidiary of Sunway Bhd
. In a filing with Bursa Malaysia, Sunway said SIDSB will utilise proceeds raised from the issuance to part-finance/reimburse Sunway Treasury Sukuk Sdn Bhd for the land and the earthwork cost related to the development of the Pendas land.
