OTHERS ISSUANCE OF ISLAMIC COMMERCIAL PAPERS ("ICPs") PURSUANT TO AN ISLAMIC COMMERCIAL PAPERS PROGRAMME ("ICP PROGRAMME"), WHICH TOGETHER WITH AN ISLAMIC MEDIUM TERM NOTES PROGRAMME SHALL HAVE AN AGGREGATE NOMINAL VALUE OF UP TO RM2.0 BILLION (WITH A SUB-LIMIT OF RM500.0 MILLION IN NOMINAL VALUE FOR THE ICP PROGRAMME) UNDER THE SHARIAH PRINCIPLE OF MURABAHAH (VIA TAWARRUQ ARRANGEMENT)

UEM SUNRISE BERHAD

Type Announcement
Subject OTHERS
Description 
ISSUANCE OF ISLAMIC COMMERCIAL PAPERS ("ICPs") PURSUANT TO AN ISLAMIC COMMERCIAL PAPERS PROGRAMME ("ICP PROGRAMME"), WHICH TOGETHER WITH AN ISLAMIC MEDIUM TERM NOTES PROGRAMME SHALL HAVE AN AGGREGATE NOMINAL VALUE OF UP TO RM2.0 BILLION (WITH A SUB-LIMIT OF RM500.0 MILLION IN NOMINAL VALUE FOR THE ICP PROGRAMME) UNDER THE SHARIAH PRINCIPLE OF MURABAHAH (VIA TAWARRUQ ARRANGEMENT)

UEM Sunrise Berhad (“UEMS”) wishes to announce that it has successfully completed its issuance of RM200.0 million in nominal value of ICPs under the ICP Programme established in 2016.

The ICPs have a tenure of six (6) months and will mature on 9 October 2020. The proceeds from the ICPs issuance will be utilised for UEMS’ Shariah-compliant general corporate purposes which include redeeming the outstanding Islamic medium term notes amounting to RM150.0 million in nominal value issued under UEMS’ RM2.0 billion Islamic medium term notes programme established in 2012 (“Maturing IMTNs”). The Maturing IMTNs were issued on 10 April 2015 and matured on 10 April 2020.

This announcement is dated 10 April 2020.



Announcement Info

Company Name UEM SUNRISE BERHAD
Stock Name UEMS
Date Announced 10 Apr 2020
Category General Announcement for PLC
Reference Number GA1-10042020-00014