GCB

2.520

+0.02 (+0.8%)

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