KUALA LUMPUR: Aeon Credit Service (M) Bhd
issued its 11th issuance of Senior Sukuk today with a nominal amount of RM200 million and a tenure of five years.
The issuance of the Senior Sukuk is pursuant to its RM5 billion Sukuk Wakalah Programme.
In a filing with Bursa Malaysia, AEON Credit said proceeds from the issuance of the Senior Sukuk will be utilised to finance customer disbursements in the ordinary course of business of providing consumer financing based on Shariah principles.
"It will also be used for refinancing of any existing loans/financing of the company or any sukuk issued by the company.
"All utilisation of proceeds under the Sukuk Wakalah Programme shall be Shariah-compliant,” it said. - Bernama
