KUALA LUMPUR (Aug 14): Malaysian Resources Corporation Bhd (MRCB) has made its debut Sukuk Murabahah issuance of RM600 million in nominal value under the Sukuk Murabahah Programme.

MRCB said the Sukuk Murabahah issued has a term of three, seven and 10 years and would mature on Aug 14 2023, Aug 13 2027 and Aug 14 2030, respectively.

“The proceeds of the Sukuk Murabahah issued shall be utilised by the companies and their subsidiaries for general working capital, capital expenditure and other general corporate purposes consistent with Shariah compliance,” it said in a filing with Bursa Malaysia today.

It added that the Sukuk Murabahah Programme has a perpetual programme tenure and has been assigned a final rating of AA-IS by Malaysian Rating Corporation Bhd.

HSBC Amanah Malaysia Bhd and Maybank Investment Bank Bhd are the joint principal advisers, joint lead arrangers and joint lead managers for the Sukuk Murabahah Programme.