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UEM Sunrise issues RM210m sukuk
13 Apr 2022 | Wednesday Source: The Edge Markets
UEM Sunrise Bhd said it has completed its issuances of Islamic Commercial Papers (ICPs) and Islamic Medium Term Notes (IMTNs) with nominal values of RM100 million and RM110 million respectively.
The issuances are under the group's new ICP and IMTN programmes established in October 2021, the property developer said in a bourse filing.
The ICPs have a tenure of 12 months while the IMTNs have a tenure of three years.
The two sukuk programmes have an aggregate limit of up to RM4 billion in nominal value based on the shariah principles of murabahah (via tawarruq arrangement), said UEM Sunrise.
