PETALING JAYA: Tropicana Corp Bhd
has announced the full redemption of RM89.43mil, its outstanding Tranche 1 perpetual sukuk, originally issued in September 2019.
In a statement, the company said this facility was secured to fund key projects across Tropicana’s strategic townships in Malaysia.
“This redemption forms part of several initiatives to reduce overall borrowings and strengthen the group’s balance sheet.
“In October 2025, the group also announced the fulfilment of a RM139mil payment obligation, representing the Tranche 4 payment under its RM1.5bil Islamic Medium-Term Notes Sukuk Wakalah Programme introduced in 2020.”
Tropicana further pointed out that this brought total cumulative repayments under the programme to RM1.12bil.
