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KLK issues RM2b worth of Islamic bonds
17 Mar 2022 | Thursday Source: The Edge Markets
Palm oil producer Kuala Lumpur Kepong Bhd (KLK) has issued RM2 billion worth of Islamic bonds or sukuk through two tranches under its Islamic Medium-Term Notes (IMTN) programme of up to RM2 billion.
According to updates on the Bond and Sukuk Information Exchange’s (BIX) website, KLK issued the IMTNs on Wednesday (March 16) via two tranches worth RM1.5 billion and RM500 million respectively.
The RM1.5 billion and RM500 million tranches are said to carry annual profit rates of 4.17% and 4.55% respectively, with tenures of 10 years and 15 years.
According to KLK, the joint lead arrangers of both tranches are AmInvestment Bank Bhd, Maybank Investment Bank Bhd, and RHB Investment Bank Bhd.
