UEMS

0.990

-0.005 (-0.5%)

OTHERS ISSUANCE OF RM200.0 MILLION IN NOMINAL VALUE OF ISLAMIC MEDIUM TERM NOTES ("IMTN") 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
ISSUANCE OF RM200.0 MILLION IN NOMINAL VALUE OF ISLAMIC MEDIUM TERM NOTES ("IMTN") 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 (“UEM Sunrise”) is pleased to announce that it has successfully completed the issuance of RM200.0 million in nominal value of IMTN (“New IMTN”) under the IMTN Programme.

 

The New IMTN has a tenure of nine (9) years and will mature on 23 August 2033.

 

The proceed from the New IMTN 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 23 August 2024.






Announcement Info

Company Name UEM SUNRISE BERHAD
Stock Name UEMS
Date Announced 23 Aug 2024
Category General Announcement for PLC
Reference Number GA1-23082024-00045