OTHERS (I) ISLAMIC MEDIUM TERM NOTES (IMTN) PURSUANT TO AN ISLAMIC MEDIUM TERM NOTES PROGRAMME OF RM700 MILLION IN NOMINAL VALUE (IMTN PROGRAMME); AND (II) ISLAMIC COMMERCIAL PAPERS (ICP) PURSUANT TO AN ISLAMIC COMMERCIAL PAPERS ISSUANCE PROGRAMME OF UP TO RM700 MILLION IN NOMINAL VALUE (ICP PROGRAMME). THE IMTN PROGRAMME AND ICP PROGRAMME (COLLECTIVELY, THE SUKUK MURABAHAH PROGRAMMES)
| GAS MALAYSIA BERHAD |
| Type | Announcement |
| Subject | OTHERS |
| Description | (I) ISLAMIC MEDIUM TERM NOTES (IMTN) PURSUANT TO AN ISLAMIC MEDIUM TERM NOTES PROGRAMME OF RM700 MILLION IN NOMINAL VALUE (IMTN PROGRAMME); AND (II) ISLAMIC COMMERCIAL PAPERS (ICP) PURSUANT TO AN ISLAMIC COMMERCIAL PAPERS ISSUANCE PROGRAMME OF UP TO RM700 MILLION IN NOMINAL VALUE (ICP PROGRAMME). THE IMTN PROGRAMME AND ICP PROGRAMME (COLLECTIVELY, THE SUKUK MURABAHAH PROGRAMMES) |
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The Board of Gas Malaysia Berhad (“GMB” or “Company”) wishes to announce that the Company has on 25 November 2020 cancelled its Sukuk Murabahah Programmes, following the establishment of the new IMTN Programme of up to RM1 Billion in nominal value and ICP Programme of up to RM1 Billion in nominal value which have a combined issuance limit of up to RM1 Billion in nominal value at its wholly owned subsidiary, Gas Malaysia Distribution Sdn Bhd which was announced on 6 August 2020.
There were no IMTN or ICP outstanding under the Sukuk Murabahah Programmes on the date of the cancellation of Sukuk Murabahah Programmes.
The cancellation of the Sukuk Murabahah Programmes will have no effect on the earnings, net assets and the gearing of the Group for the financial year ending 31 December 2020.
This announcement is dated 25 November 2020. |
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Announcement Info
| Company Name | GAS MALAYSIA BERHAD |
| Stock Name | GASMSIA |
| Date Announced | 25 Nov 2020 |
| Category | General Announcement for PLC |
| Reference Number | GA1-25112020-00087 |