Announcements


Date: 07 March 2017

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 announcements dated 8 September 2015 and 29 January 2016 in relation to SapuraKencana TMC Sdn Bhd ("SKTMC") (a wholly-owned subsidiary of the Company's previous issuances under the Multi-Currency Sukuk Programme).

The Company wishes to announce that SKTMC has today, made its further issuances of MYR3.3 billion and USD74.8 million in nominal value of Unrated Sukuk Murabahah under the Multi-Currency Sukuk Programme.

Proceeds raised from these issuances will be utilised to part refinance SKTMC's existing financings. The Unrated Sukuk Murabahah is structured based on the Shariah principle of Commodity Murabahah (via Tawarruq arrangement).

This announcement is dated 7 March 2017.




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