PUTRAJAYA: The Court of Appeal will deliver its verdict on Datuk Seri Najib Tun Razak's appeal over his 12 years’ jail sentence and a fine of RM210 million for misappropriating RM42 million in SRC International Sdn Bhd funds.
KUALA LUMPUR (Feb 8): Telekom Malaysia Bhd (TM) is planning to buy back all the outstanding Islamic Medium-Term Notes (IMTNs) before their respective maturity dates.
These debt papers were issued up to RM2 billion in nominal value. There are seven tranches with coupon rates between 3.93% and 4.5%, as well as maturity dates of between June 25, 2021 and June 23, 2023.
According to a statement to sukuk holders released today, the outstanding IMTNs shall be purchased in whole from the sukuk holders for cash consideration based on the buy-back yield for each tranche of the outstanding IMTN.
The telco will have to seek the bondholders’ consent to buy back the debt papers in an extraordinary general meeting (EGM) to be held on March 1. The EGM will be conducted by poll virtually via Remote Participation and Voting Platform (RPV).