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OTHERS First Issuance of RM220 million Islamic Medium Term Notes ("IMTN") and RM30 million Islamic Commercial Papers ("ICP") under the IMTN programme ("IMTN Programme") and ICP programme ("ICP Programme") with a combined aggregate limit of up to RM2 billion in nominal value based on the Shariah principle of Wakalah Bi Al-Istithmar. (The IMTN and the ICP are collectively referred as "Sukuk Wakalah" and the IMTN Programme and the ICP Programme are collectively referred as "Sukuk Wakalah Programmes")
| AEON CO. (M) BHD |
| Type | Announcement |
| Subject | OTHERS |
| Description | First Issuance of RM220 million Islamic Medium Term Notes ("IMTN") and RM30 million Islamic Commercial Papers ("ICP") under the IMTN programme ("IMTN Programme") and ICP programme ("ICP Programme") with a combined aggregate limit of up to RM2 billion in nominal value based on the Shariah principle of Wakalah Bi Al-Istithmar.
(The IMTN and the ICP are collectively referred as "Sukuk Wakalah" and the IMTN Programme and the ICP Programme are collectively referred as "Sukuk Wakalah Programmes") |
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Reference is made to AEON CO. (M) BHD.’s (“AEON” or the “Issuer”) previous announcement dated 2 July 2024 in relation to the establishment of the Sukuk Wakalah Programmes by AEON.
The Board of Directors of AEON wishes to announce that AEON had on 16 August 2024 successfully undertaken its first issuance of RM220.0 million in nominal value of IMTN with a tenure of five (5) years and RM30.0 million in nominal value of ICP with a tenure of six (6) months under the Sukuk Wakalah Programmes.
The IMTN and ICP have been accorded credit ratings of AA2 and P1 respectively by RAM Rating Services Berhad. The proceeds from the first issuance of the Sukuk Wakalah shall be utilised by the Issuer for the following Shariah-compliant purposes:
(a) working capital requirements, capital expenditures, investments and other general corporate purposes of the Issuer;
(b) refinancing of existing conventional borrowings/existing corporate bonds and refinancing of existing and/or future Islamic financing/existing and/or future Sukuk issues of the Issuer; and/or
(c) payment of fees, costs and expenses in relation to the Sukuk Wakalah Programmes.
Maybank Investment Bank Berhad is the Principal Adviser, Lead Arranger and Lead Manager for the Sukuk Wakalah Programmes, whereas Maybank Islamic Berhad is the Shariah Adviser for the Sukuk Wakalah Programmes.
This announcement is dated 16 August 2024. |
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Announcement Info
| Company Name | AEON CO. (M) BHD |
| Stock Name | AEON |
| Date Announced | 16 Aug 2024 |
| Category | General Announcement for PLC |
| Reference Number | GA1-13082024-00004 |