Naza TTDI CEO Daniel Lim Hin Soon
KUALA LUMPUR: Property developer Naza TTDI Sdn Bhd has established a Sukuk Murabahah programme of up to RM300mil in nominal value via its wholly-owned subsidiary Naza TTDI Capital Bhd.
The sukuk programme was lodged with the Securities Commission on April 22,2021 and this will allow Naza TTDI to issue sukuk over the next 15 years.
The sukuk programme will be backed by properties owned by Naza TTDI located in KL Metropolis.
Proceeds will be used for the development of KL Metropolis and other general corporate purposes.
Alliance Investment Bank Bhd is the principal adviser and lead arranger as well as the lead manager for the sukuk programme.
23 Dec 2020 / 15:26 H.
KUALA LUMPUR: Pengurusan Air Selangor Sdn Bhd (Air Selangor) has successfully completed its inaugural Islamic Medium Term Notes (IMTN) and Islamic Commercial Papers (ICP) issuances under its recently established Sukuk Murabahah Programme.
In a statement today, it said the IMTN programme comprised a 30-year and seven-year ICP programme with a combined limit of up to RM10 billion in nominal value.
Pursuant to the Sukuk Murabahah issuances, Air Selangor has successfully raised RM50 million via the ICP issuance and RM1.1 billion across four tenors between three and 10 years via the IMTN issuance.
Air Selangor chief executive officer Suhaimi Kamaralzaman said against a backdrop of cautious market sentiment, the company had successfully secured strong demand from the market with an order book of RM1.445 billion for the IMTN, representing an average oversubscription ratio of 135 per cent across the tenors.
It looks like this was the result of either:
A mistyped address
A broken link on our site
A broken link on a search engine results page
A broken link on someone else s page
Some things to try:
Use the navigation menu at the top Most Read