Bursa Announcements
Date : 15 June 2015

OTHERS SAPURAKENCANA PETROLEUM BERHAD ("THE COMPANY") - PROPOSED MULTI-CURRENCY SUKUK PROGRAMME OF RM7.0 BILLION IN NOMINAL VALUE (OR IN USD EQUIVALENT) (THE "MULTI-CURRENCY SUKUK PROGRAMME")

SAPURAKENCANA PETROLEUM BERHAD

Type Announcement
Subject OTHERS
Description
SAPURAKENCANA PETROLEUM BERHAD ("THE COMPANY")
- PROPOSED MULTI-CURRENCY SUKUK PROGRAMME OF RM7.0 BILLION IN NOMINAL VALUE (OR IN USD EQUIVALENT) (THE "MULTI-CURRENCY SUKUK PROGRAMME")

The Company is pleased to announce that SapuraKencana TMC Sdn Bhd ("SKTMC") (a wholly-owned subsidiary of the Company) had on 15 June 2015 made a lodgement to the Securities Commission Malaysia (the “SC”) for the launch of a Multi-Currency Islamic Medium Term Notes ("IMTNs") programme of up to RM7.0 billion in nominal value (or in USD equivalent) ("Multi-Currency Sukuk Programme') under the SC’s new Guidelines on Unlisted Capital Market Products under the Lodge and Launch Framework effective from 15 June 2015. The programme has a tenure of 30 years.

The proceeds raised from the issuance(s) under the Multi-Currency Sukuk Programme will be utilised inter-alia, to refinance SKTMC’s existing financings and to fund oil and gas related business requirements for SKPB Group of companies.

The 30-year Multi-Currency Sukuk Programme is not rated and structured based on Shariah principle of Murabahah (via Tawarruq arrangement).

Maybank Investment Bank Berhad is the Principal Adviser and Lead Arranger for the Multi-Currency Sukuk Programme.

This announcement is dated 15 June 2015.






Announcement Info

Company Name SAPURAKENCANA PETROLEUM BERHAD
Stock Name SKPETRO
Date Announced 15 Jun 2015
Category General Announcement for PLC
Reference Number GA1-15062015-00057


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