Announcements


Date: 03 September 2015

OTHERS SAPURAKENCANA PETROLEUM BERHAD (THE "COMPANY") PROPOSED ISSUE OF, OFFER FOR SUBSCRIPTION OR PURCHASE OF, OR INVITATION TO SUBSCRIBE FOR OR PURCHASE OF ISLAMIC MEDIUM TERM NOTES ("IMTN/SUKUK MURABAHAH") PURSUANT TO A MULTI-CURRENCY ISLAMIC MEDIUM TERM NOTES PROGRAMME OF UP TO RM7.0 BILLION IN NOMINAL VALUE (OR ITS EQUIVALENT IN USD CONVERTED AT A NOTIONAL EXCHANGE RATE OF RM3.30=USD1) ("MULTI-CURRENCY SUKUK PROGRAMME")


Type Announcement
Subject OTHERS
Description SAPURAKENCANA PETROLEUM BERHAD (THE "COMPANY")

PROPOSED ISSUE OF, OFFER FOR SUBSCRIPTION OR
PURCHASE OF, OR INVITATION TO SUBSCRIBE FOR OR
PURCHASE OF ISLAMIC MEDIUM TERM NOTES ("IMTN/SUKUK MURABAHAH") PURSUANT TO A MULTI-CURRENCY ISLAMIC MEDIUM TERM NOTES PROGRAMME OF UP TO RM7.0 BILLION IN NOMINAL VALUE (OR ITS EQUIVALENT IN USD CONVERTED AT A NOTIONAL EXCHANGE RATE OF RM3.30=USD1) ("MULTI-CURRENCY SUKUK PROGRAMME")

Reference is made to the Company's earlier announcement dated 15 June 2015 in relation to  SapuraKencana TMC Sdn Bhd's ("SKTMC") (a wholly-owned subsidiary of the Company) lodgement to the Securities Commission Malaysia (the "SC") for the launch of the Multi-Currency Sukuk Programme.

The Company is pleased to announce that the transaction documents for the Multi-Currency Sukuk Programme has been duly executed and the first Sukuk offering of USD200 million in nominal value under the Multi-Currency Sukuk Programme has been scheduled for launch on 8th September 2015.

Proceeds raised from the inaugural issuance will be utilised to part refinance SKTMC's existing financings. The Sukuk is not rated and is structured based on the Shariah principle of Commodity Murabahah (via Tawarruq arrangement).

Maybank Investment Bank Berhad is the Principal Adviser, Lead Arranger and also the Lead Manager for the first Sukuk offering under the Multi-Currency Sukuk Programme.

The media release on the subject matter is attached.

This announcement is dated 3 September 2015.


 


ATTACHMENT

- SKPETRO-Media Release.pdf

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