OTHERS ISSUANCE OF RM1,100.0 MILLION PERPETUAL ISLAMIC NOTES (PERPETUAL SUKUK) PURSUANT TO A PERPETUAL ISLAMIC NOTES ISSUANCE PROGRAMME OF RM2.0 BILLION IN NOMINAL VALUE BASED ON THE SHARIAH PRINCIPLE OF MUSHARAKAH (PERPETUAL SUKUK PROGRAMME)
| UMW HOLDINGS BERHAD |
| Type | Announcement |
| Subject | OTHERS |
| Description | ISSUANCE OF RM1,100.0 MILLION PERPETUAL ISLAMIC NOTES (PERPETUAL SUKUK) PURSUANT TO A PERPETUAL ISLAMIC NOTES ISSUANCE PROGRAMME OF RM2.0 BILLION IN NOMINAL VALUE BASED ON THE SHARIAH PRINCIPLE OF MUSHARAKAH (PERPETUAL SUKUK PROGRAMME) |
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We refer to the announcement dated 22 March 2018 in relation to the Perpetual Sukuk Programme. On behalf of UMWH, Maybank Investment Bank Berhad (“Maybank IB”) is pleased to announce that UMWH has today successfully completed the first issuance of Perpetual Sukuk with a nominal value of RM1,100.0 million, pursuant to the Perpetual Sukuk Programme. The Perpetual Sukuk was issued with a tenure of perpetual non-callable 10 years at a periodic distribution rate of 6.35% p.a.. The proceeds raised from the Perpetual Sukuk shall be utilised by UMWH for UMWH Group’s Shariah-compliant general corporate purposes and to refinance UMWH Group’s existing financing/debt obligations. CIMB Investment Bank Berhad and Maybank IB are the Joint Principal Advisers, Joint Lead Arrangers and Joint Lead Managers for the Perpetual Sukuk Programme. This announcement is dated 20 April 2018. |
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Announcement Info
| Company Name | UMW HOLDINGS BERHAD |
| Stock Name | UMW |
| Date Announced | 20 Apr 2018 |
| Category | General Announcement for PLC |
| Reference Number | GA1-20042018-00066 |