Breadcrumb

Asset Publisher

null UEM Sunrise completes issuances of RM295mil sukuk under MTN programme

news

UEM Sunrise completes issuances of RM295mil sukuk under MTN programme

20 Sep 2022 | Tuesday Source: The Star

UEM Sunrise Bhd has completed its issuances of Islamic Medium Term Notes (New IMTNs) totalling RM295 million in nominal value under its IMTN programme.

The New IMTNs, with tenures of three and five years, mature on Sept 19, 2025, and Sept 17, 2027, respectively.

In a filing with Bursa Malaysia today, the property developer said proceeds from the New IMTNs will be utilised for the group and its subsidiaries’ Shariah-compliant general corporate purposes, including acquisitions of land and companies as well as investments.

It will also set aside the proceeds for project development and infrastructure costs, capital expenditure, general expenditure and refinancing of Islamic financing/outstanding loan facilities.

Read more here