Matrix Concepts plans to raise RM250 mil via sukuk

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

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