- The new IMTNs have tenures of three years, which will mature on Sept 19, 2025; and five years, which will mature on Sept 17, 2027.
KUALA LUMPUR (Sept 19): UEM Sunrise Bhd on Monday (Sept 19) said it has completed the issuances of a total of RM295 million in nominal value of Islamic medium term notes (IMTNs).
The group said the IMTN programme comes together with an Islamic commercial papers programme, and together they have a combined aggregate limit of up to RM4 billion in nominal value, based on the shariah principle of murabahah via tawarruq arrangement.
The new IMTNs have tenures of three years, which will mature on Sept 19, 2025; and five years, which will mature on Sept 17, 2027, said the property developer in a Bursa Malaysia filing.
The group added that the proceeds from the new IMTNs will be used for its subsidiaries' shariah-compliant general corporate purposes.
They include acquisition of land banks and companies, investments, project development and infrastructure costs, as well as capital and general expenditures besides refinancing of Islamic financing and outstanding loan facilities.
TOP PICKS BY EDGEPROP
The Hills, Horizon Hills
Iskandar Puteri (Nusajaya), Johor
The Hills, Horizon Hills
Iskandar Puteri (Nusajaya), Johor
Taman Bukit Indah @ Iskandar Puteri
Johor Bahru, Johor
Laman Delfina @ Nilai Impian
Nilai, Negeri Sembilan
Taman Tun Dr Ismail (TTDI)
Taman Tun Dr Ismail, Kuala Lumpur
The Canal Garden South, Horizon Hills
Iskandar Puteri, Johor
Denai Nusantara
Iskandar Puteri (Nusajaya), Johor
Seksyen 4 Wangsa Maju Flat
Wangsa Maju, Kuala Lumpur