KLCCP Unit Upsizes Sukuk Murabahah Programme To RM2 Bln
KUALA LUMPUR, Dec 31 (Bernama) -- KLCC Property Holdings Bhd’s (KLCCP) wholly owned subsidiary Suria KLCC Sdn Bhd has upsized its sukuk murabahah programme to RM2 billion from RM600 million in nominal value.
In a filing with Bursa Malaysia today, KLCCP said Suria KLCC successfully made an issuance of sukuk murabahah amounting to RM600 million in nominal value with a 10.5-year tenure and a periodic profit rate of 4.00 per cent per annum.
The proceeds will be utilised by Suria KLCC to refinance the first issuance of RM600 million made on Dec 31, 2014, soon after the programme was established on Nov 19, 2014, and which matures today, Dec 31 2024.
The filing said the programme’s upsizing and revision of terms, effective on Dec 31 2024, comes following the first issuance, or outstanding sukuk murabahah.
-- BERNAMA