OTHERS Islamic Medium Term Notes Issuance of up to RM150,000,000.00 in nominal value under the Shariah Principle of Wakalah Bi Al-Istithmar ("Sukuk Wakalah")
| PESONA METRO HOLDINGS BERHAD |
| Type | Announcement |
| Subject | OTHERS |
| Description | Islamic Medium Term Notes Issuance of up to RM150,000,000.00 in nominal value under the Shariah Principle of Wakalah Bi Al-Istithmar ("Sukuk Wakalah") |
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The Board of Directors of Pesona Metro Holdings Berhad (“PMHB”) wishes to announce that PMHB’s 70%-owned subsidiary, SEP Resources (M) Sdn Bhd (“SEP Resources”) has on 28 November 2019 lodged with the Securities Commission Malaysia (“SC”), the required information and relevant documents pursuant to the SC’s Guidelines on Unlisted Capital Market Products under the Lodge and Launch Framework in relation to the issuance of the Sukuk Wakalah. The Sukuk Wakalah shall have a tenure of eleven (11) years from the date of issuance of the Sukuk Wakalah. The proceeds from the issuance of the Sukuk Wakalah shall be utilised for the subscription of Murabahah stocks to be issued by Budaya Positif Sdn Bhd, a wholly-owned subsidiary of SEP Resources. The Sukuk Wakalah is secured against a list of securities including the corporate guarantee from PMHB and has been accorded with a preliminary long-term rating of AA1 (stable outlook) by RAM Rating Services Berhad. MIDF Amanah Investment Bank Berhad and Public Investment Bank Berhad are the Joint Principal Advisers, Joint Lead Arrangers and Joint Lead Managers for the Sukuk Wakalah. This announcement is dated 28 November 2019. |
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Announcement Info
| Company Name | PESONA METRO HOLDINGS BERHAD |
| Stock Name | PESONA |
| Date Announced | 28 Nov 2019 |
| Category | General Announcement for PLC |
| Reference Number | GA1-26112019-00071 |