PETALING JAYA: Aeon Credit Service
has launched its 13th senior sukuk issuance worth RM550mil under its RM5bil sukuk wakalah programme, with a tenure of six years.
In a filing on Bursa Malaysia, the company said proceeds from the sukuk will be channelled towards shariah-compliant financing activities.
“Proceeds from the issuance of the senior sukuk shall be utilised by the company for financing disbursements to customers in the ordinary course of business of providing consumer financing based on Shariah principles, and 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.
