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Bursa Announcements

Date : 08 July 2022

OTHERS THP SURIA MEKAR SDN. BHD. PROPOSED UNRATED ISLAMIC MEDIUM TERM NOTES ("SUKUK WAKALAH") PROGRAMME OF UP TO RM1.08 BILLION IN NOMINAL VALUE BASED ON THE SHARIAH PRINCIPLE OF WAKALAH BI AL-ISTITHMAR ("SUKUK WAKALAH PROGRAMME")

TH PLANTATIONS BERHAD

Type Announcement
Subject OTHERS
Description
THP SURIA MEKAR SDN. BHD. 

PROPOSED UNRATED ISLAMIC MEDIUM TERM NOTES ("SUKUK WAKALAH") PROGRAMME OF UP TO RM1.08 BILLION IN NOMINAL VALUE BASED ON THE SHARIAH PRINCIPLE OF WAKALAH BI AL-ISTITHMAR ("SUKUK WAKALAH PROGRAMME")

We refer to the previous announcement dated 17 June 2022 in relation to the Sukuk Wakalah Programme. On behalf of TH Plantations Berhad (“THP”), Maybank Investment Bank Berhad (“Maybank IB”) is pleased to announce that THP Suria Mekar Sdn. Bhd. (“TSM”), a special purpose vehicle of THP, has on 8 July 2022 issued RM300.0 million in nominal value of perpetual Sukuk Wakalah (“Perpetual Sukuk Wakalah”) under the Sukuk Wakalah Programme.

 

The issuance details are summarised as follows:-

 

a.

Issuer

:

TSM

b.

Nominal value

:

RM300.0 million in nominal value

c.

Issue date

:

8 July 2022

d.

Tenure

:

Perpetual (on a perpetual non-callable 12-years basis)

e.

First Call date

:

7 July 2034

f.

Periodic Distribution Rate

:

5.98% p.a. (up to the First Call Date)

g.

Use of proceeds

:

The proceeds from the issuance of the Perpetual Sukuk Wakalah shall be utilised by TSM to refinance existing outstanding Sukuk issued under TSM’s existing Sukuk Murabahah Programme of up to RM1.2 billion in nominal value.

h.

Mode of Issue

:

Private placement

 

Maybank IB is the Principal Adviser, Lead Arranger and Lead Manager for the Sukuk Wakalah Programme.

 

This announcement is dated 8 July 2022.






Announcement Info

Company Name TH PLANTATIONS BERHAD
Stock Name THPLANT
Date Announced 08 Jul 2022
Category General Announcement for PLC
Reference Number GA1-08072022-00044


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