By Marisa Wong
Madison, Wis., Oct. 5 - KLCC Property Holdings Bhd. announced that its majority owned subsidiary Midciti Resources Sdn. Bhd. issued RM 880 million of 10-year Islamic medium-term notes.
CIMB Investment Bank Bhd. and Maybank Investment Bank Bhd. are the joint principal advisers, joint lead arrangers and joint lead managers for the sukuk issue.
The notes were issued under the recently announced up to RM 880 million sukuk program, which was rated AAA by Malaysian Rating Corp. Bhd.
As previously reported, proceeds will be used to purchase and cancel existing debt and for working capital.
The Kuala Lumpur-based property company owns a portfolio comprised of office buildings, a shopping mall and a luxury hotel.
| Issuer: | Midciti Resources Sdn. Bhd.
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| Issue: | Islamic medium-term notes
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| Amount: | RM 880 million
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| Maturity: | 10 years
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| Managers: | CIMB Investment Bank Bhd. and Maybank Investment Bank Bhd.
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| Announcement date: | Oct. 5
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| Rating: | Malaysian Rating Corp.: AAA
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