UEMS

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OTHERS UEM SUNRISE BERHAD ("UEM SUNRISE" OR THE "COMPANY") ISSUANCES OF A TOTAL OF RM350.0 MILLION IN NOMINAL VALUE OF ISLAMIC MEDIUM TERM NOTES ("IMTNs") PURSUANT TO AN ISLAMIC MEDIUM TERM NOTES PROGRAMME ("IMTN PROGRAMME"), WHICH TOGETHER WITH AN ISLAMIC COMMERCIAL PAPERS PROGRAMME, SHALL HAVE A COMBINED AGGREGATE LIMIT OF UP TO RM4.0 BILLION IN NOMINAL VALUE, BASED ON THE SHARIAH PRINCIPLE OF MURABAHAH (VIA TAWARRUQ ARRANGEMENT)

UEM SUNRISE BERHAD

Type Announcement
Subject OTHERS
Description
UEM SUNRISE BERHAD ("UEM SUNRISE" OR THE "COMPANY")
ISSUANCES OF A TOTAL OF RM350.0 MILLION IN NOMINAL VALUE OF ISLAMIC MEDIUM TERM NOTES ("IMTNs") PURSUANT TO AN ISLAMIC MEDIUM TERM NOTES PROGRAMME ("IMTN PROGRAMME"), WHICH TOGETHER WITH AN ISLAMIC COMMERCIAL PAPERS PROGRAMME, SHALL HAVE A COMBINED AGGREGATE LIMIT OF UP TO RM4.0 BILLION IN NOMINAL VALUE, BASED ON THE SHARIAH PRINCIPLE OF MURABAHAH (VIA TAWARRUQ ARRANGEMENT)

UEM Sunrise is pleased to announce that it has successfully completed the issuances of a total of RM350.0 million in nominal value of IMTNs (“New IMTNs”) under the IMTN Programme.

The New IMTNs are issued in two tranches. The first tranche of RM200.0 million has a tenure of five (5) years and will mature on 29 September 2028. The second tranche of RM150.0 million has a tenure of seven (7) years and will mature on 27 September 2030.

The proceeds from the New IMTNs will be utilised for UEM Sunrise and/or its subsidiaries’ Shariah-compliant general corporate purposes which shall include the following:

  1. acquisition of new landbank;
  2. acquisition of company(ies);
  3. investments (including capital injections into UEM Sunrise’s subsidiaries, associates and joint ventures companies);
  4. project development cost and infrastructure cost;
  5. capital expenditure;
  6. general expenditure; and
  7. refinancing of Islamic financing / outstanding loan facilities.

This announcement is dated 29 September 2023.






Announcement Info

Company Name UEM SUNRISE BERHAD
Stock Name UEMS
Date Announced 29 Sep 2023
Category General Announcement for PLC
Reference Number GA1-29092023-00012