KUALA LUMPUR: Sime Darby Property Bhd has successfully raised RM800 million under the third issuance of its Sukuk Musharakah Programme, the company announced in a filing with Bursa Malaysia today.
The sukuk issuance, rated AA+IS with a stable outlook by MARC Ratings Bhd, consists of:
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RM200 million with a seven-year tenor,
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RM100 million with a 10-year tenor, and
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RM500 million with a 15-year tenor.
The proceeds will be used to finance the Group’s future investments, capital expenditure, working capital needs, and general corporate purposes. The funds may also be allocated towards refinancing existing debt obligations — all in accordance with Shariah principles.
CIMB Investment Bank Bhd and Maybank Investment Bank Bhd are the joint lead managers for the sukuk issuance.–BERNAMA
