OTHERS ISSUANCE OF RM300.0 MILLION IN NOMINAL VALUE FROM THE ISLAMIC MEDIUM TERM NOTES ("SUKUK WAKALAH") PROGRAMME OF UP TO RM800.0 MILLION IN NOMINAL VALUE BASED ON THE SHARIAH PRINCIPLE OF WAKALAH BI AL-ISTITHMAR ("SUKUK WAKALAH PROGRAMME") BY GUAN CHONG BERHAD
GUAN CHONG BERHAD |
Type | Announcement |
Subject | OTHERS |
Description | ISSUANCE OF RM300.0 MILLION IN NOMINAL VALUE FROM THE ISLAMIC MEDIUM TERM NOTES ("SUKUK WAKALAH") PROGRAMME OF UP TO RM800.0 MILLION IN NOMINAL VALUE BASED ON THE SHARIAH PRINCIPLE OF WAKALAH BI AL-ISTITHMAR ("SUKUK WAKALAH PROGRAMME") BY GUAN CHONG BERHAD |
We refer to the announcement dated 5 October 2020 in relation to the Sukuk Wakalah Programme. On behalf of Guan Chong Berhad (“GCB” or the “Issuer”), Maybank Investment Bank Berhad acting as the Principal Adviser, Lead Arranger and together with United Overseas Bank (Malaysia) Bhd as the Joint Lead Managers for the Sukuk Wakalah Programme are pleased to announce that GCB has on 3rd December 2020 completed the issuance of RM300.0 million in nominal value of Sukuk Wakalah, at the rate of 3.84% per annum with a tenure of seven (7) years. The proceeds raised from the issuance of the Sukuk Wakalah shall be utilised to finance its general working capital, capital expenditure, refinancing of existing financing/borrowings and/or future financing and other general corporate purposes and/or to provide advance via Shariah-compliant manner to its subsidiaries for general working capital, capital expenditure, refinancing of existing financing/borrowings and/or future financing and other general corporate purposes. This announcement is dated 4 December 2020. |
Announcement Info
Company Name | GUAN CHONG BERHAD |
Stock Name | GCB |
Date Announced | 04 Dec 2020 |
Category | General Announcement for PLC |
Reference Number | GA1-04122020-00046 |