Sime Darby said on Tuesday, Sept 29 it had proposed to undertake an Islamic medium term note programme of RM4.5 billion and an Islamic commercial paper/Islamic medium term note programme of RM500 million with a combined master limit of RM4.5 billion.
"The proceeds raised shall be utilised to finance SDB and its subsidiaries’ working capital requirements and general corporate purposes, and/or to finance future investments and/or capital expenditure and/or, if required, to refinance debt obligations (whether in whole or in part) of the group," it said.
Sime Darby said it had obtained the Securities Commission's approval for the programmes.
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