By Marisa Wong
Madison, Wis., Dec. 31 – Malaysia’s KLCC Property Holdings Bhd. announced the issuance RM 600 million of 10-year Islamic medium-term notes.
The 4.73% sukuk were issued by 60% owned subsidiary Suria KLCC Sdn. Bhd.
The notes were issued under an Islamic MTN program approved, along with an Islamic commercial paper program, by the Securities Commission Malaysia in November. The programs have a combined limit of RM 600 million and a sublimit of RM 300 million for the paper program.
CIMB Investment Bank Bhd. is the lead arranger, lead manager and bookrunner for the sukuk programs.
Proceeds will be used to refinance or repay the issuer’s borrowings, for working capital and for general corporate purposes.
The real estate company is based in Kuala Lumpur.
| Issuer: | Suria KLCC Sdn. Bhd.
|
| Issue: | Islamic medium-term notes
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| Amount: | RM 600 million
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| Maturity: | 10 years
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| Coupon: | 4.73%
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| Arranger: | CIMB Investment Bank Bhd.
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| Settlement date: | Dec. 31
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