KUALA LUMPUR (Dec 21): IOI Properties Group Bhd's wholly-owned subsidiary Fortune Premiere Sdn Bhd (FPSB) has issued RM100 million sukuk to refinance its debt, fund its capital expenditure and for working capital.

The sukuk represents the first tranche in a RM3 billion Sukuk Murabahah programme that was established with a tenure of up to 15 years from the date of the first issuance.

FPSB had on Oct 17, 2017 lodged the relevant information and documents in relation to the sukuk programme with the Securities Commission Malaysia.

The five-year tranche bears profit rate of 4.65% per year, with a yield-to-maturity of 4.65% per year.

At 3.24pm, IOI Properties shares were up one sen or 0.56% at RM1.81, with 3.19 million shares done, bringing a market capitalisation RM10.02 billion. — theedgemarkets.com

For more stories, download EdgeProp.my pullout here for free.

SHARE
SPONSORED CONTENT
Convenient and integrated living in sync with nature

With a gross development value of more than RM30 billion over 1,800 acres of land, Sunway Iskandar is one of the largest township projects in the country and comprises six precincts – The Lakeview, The Parkview, The Riverside, The Marketplace, The Seafront and The Capital. Each precinct is designed to be self-sustainable while offering a wide range of amenities.

read more
RELATED POSTS
  1. IOI Properties completes RM1b sukuk murabahah issuance
  2. Singapore's CDL completes South Beach stake sale to IOI Properties for RM2.75b
  3. IOI Properties Group reports 13.7% revenue growth in 4Q, announces 8 sen dividend