BUSINESS > NEWS

AEON Credit Issues RM350 Mln Sukuk To Fund Financing Disbursements

22/08/2024 05:50 PM

KUALA LUMPUR, Aug 22 (Bernama) -- AEON Credit Service (M) Bhd has issued the sixth senior sukuk issuance under its RM2 billion sukuk wakalah programme.

The issuance, with a nominal amount of RM350 million, was issued in two tranches comprising RM130 million for a five-year tenure and RM220 million for six years, it said in a filing with Bursa Malaysia today.

Proceeds from the senior sukuk will be utilised to fund financing and to refinance existing loans/financing or any sukuk issued by the company.

All utilisation of the sukuk programme proceeds will be shariah-compliant.

-- BERNAMA 

 

 


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