OTHERS Islamic Medium Term Notes Facility of up to RM535.0 Million in nominal value based on the Shariah principle of Murabahah (via Tawarruq Arrangement) ("Proposed Sukuk Murabahah Facility")
| AHMAD ZAKI RESOURCES BERHAD |
| Type | Announcement |
| Subject | OTHERS |
| Description | Islamic Medium Term Notes Facility of up to RM535.0 Million in nominal value based on the Shariah principle of Murabahah (via Tawarruq Arrangement) ("Proposed Sukuk Murabahah Facility") |
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The Board of Directors of AZRB wishes to announce that AZRB’s wholly- owned subsidiary, AZRB Capital Sdn Bhd, had on 4 September 2019 lodged the Sukuk Murabahah Facility with the Securities Commission Malaysia.
The Sukuk Murabahah Facility will have a tenure of twelve (12) years from the date of issuance of the Sukuk Murabahah. The proceeds raised from the issuance will be advanced to AZRB for the Shariah-compliant general working capital requirements and corporate purposes of AZRB.
The Sukuk Murabahah Facility is secured against a list of securities including the guarantee from AZRB and has been accorded with a preliminary long-term rating of AA- (stable outlook) by Malaysian Rating Corporation Berhad.
Maybank Investment Bank Berhad is the Principal Adviser, Lead Arranger and Lead Manager for the Proposed Sukuk Murabahah Facility.
This announcement is dated 4 September 2019. |
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Announcement Info
| Company Name | AHMAD ZAKI RESOURCES BERHAD |
| Stock Name | AZRB |
| Date Announced | 04 Sep 2019 |
| Category | General Announcement for PLC |
| Reference Number | GA1-04092019-00034 |