KUALA LUMPUR (May 22): Matrix Concepts Holdings Bhd plans to raise up to RM250 million from issuance of Islamic commercial papers and/or medium term notes to finance future investments, working capital and capital expenditure.

In a filing with Bursa Malaysia today, Matrix said it has lodged with the Securities Commission Malaysia to establish a sukuk wakalah programme, which will have a tenure of seven years.

The first issuance under the programme will be made within 60 business days from the lodgement date.

Maybank Investment Bank Bhd is the sole principal adviser, lead arranger and lead manager for the sukuk.

Matrix shares closed up nine sen or 3.28% at RM2.83 today, valuing it at RM1.6 billion. — theedgemarkets.com

For more stories, download TheEdgeProperty.com pullout here for free.

SHARE
SPONSORED CONTENT
Maris and The Lume spell the Andaman standard in luxury high-rise coastal living in Penang

Whether it’s the marina-edge vibrancy of Maris, where panoramic sea views meet urban ease; or the resort-style tranquillity of The Lume, where space, privacy, and timeless design reign, these developments reflect the highest standards of craftsmanship and liveability.

read more
RELATED POSTS
  1. Tropicana redeems RM100m sukuk, continues debt-cutting drive
  2. Matrix Concepts’ 1Q net profit up 3.7% on higher property sales, lower marketing costs
  3. EcoWorld establishes RM2b rated perpetual sukuk wakalah programme