KUALA LUMPUR: S P Setia Bhd has lodged an Islamic notes issuance programme of up to RM3.5bil and an Islamic commercial papers (ICP) programme of up to RM500mil with the Securities Commission under the lodge and launch framework.
In a filing with Bursa Malaysia, the property developer said the Islamic notes issuance (sukuk wakalah programme) comprises the issuance of senior Islamic medium-term notes (senior sukuk wakalah) and/or subordinated perpetual Islamic notes (perpetual sukuk wakalah).
It said the ICP programme had a tenure of seven years.
The first issuance is to be made within 90 business days from the lodgement date.
It said each ICP issuance will carry a tenure of at least one month and up to 12 months. — Bernama
