KUALA LUMPUR, UEM Sunrise Bhd has completed the issuance of RM500 million worth of Islamic medium-term notes (IMTNs) under its existing sukuk programme.
In a filing with Bursa Malaysia, the company said the IMTN programme, along with its Islamic commercial papers programme, has a combined limit of up to RM4 billion. Both are structured based on the Shariah principle of murabahah via a tawarruq arrangement.
The RM500 million was issued in two tranches — RM200 million with a 10-year maturity due on July 30, 2035, and RM300 million with a 12-year maturity due on July 30, 2037.
Proceeds from the issuance will be used for Shariah-compliant general corporate purposes across UEM Sunrise and its subsidiaries. These include land and company acquisitions, investments, project and infrastructure development, capital expenditures, and refinancing of existing Islamic financing or loan facilities.
