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Bursa Announcements

Date : 30 October 2012

OTHERS TH PLANTATIONS BERHAD ("THP" or the "Company") Proposed Issue of Sukuk Murabahah under a Sukuk Murabahah Programme of up to RM1.0 Billion in Nominal Value with Lembaga Tabung Haji

TH PLANTATIONS BERHAD

TypeAnnouncement
SubjectOTHERS
DescriptionTH PLANTATIONS BERHAD ("THP" or the "Company")
Proposed Issue of Sukuk Murabahah under a Sukuk Murabahah Programme of up to RM1.0 Billion in Nominal Value with Lembaga Tabung Haji
1. INTRODUCTION
THP is pleased to announce that the Company has established a Sukuk Murabahah Programme of up to RM1.0 Billion in nominal value with Lembaga Tabung Haji ("Sukuk Murabahah Programme - RM1.0 Billion").

Hong Leong Islamic Bank Berhad and RHB Investment Bank Berhad have been appointed as the Joint Principal Advisers, Joint Lead Arrangers and Joint Lead Managers for the Sukuk Murabahah Programme - RM1.0 Billion.

The Sukuk Murabahah Programme - RM1.0 Billion does not require approval from the Securities Commission as the Sukuk Murabahah will be issued to the Company's related corporation, namely Lembaga Tabung Haji, and the Sukuk Murabahah to be issued thereunder is non-tradable and non-transferable.


2. THE SUKUK MURABAHAH

The Company has on 30 October 2012 issued RM200.0 million of Sukuk Murabahah under the Sukuk Murabahah Programme - RM1.0 Billion ("the Sukuk Murabahah").

The Sukuk Murabahah shall have a tenure of up to fifteen (15) years and will mature on 29 October 2027. The Sukuk Murabahah will bear a profit rate of 6.60% per annum, payable semi-annually in arrears. The proceeds raised from the Sukuk Murabahah shall be utilised for the following purposes:

i. to pay in full THP's existing Commodity Murabahah Term Financing-i facilities; and

ii. to finance THP Group's capital expenditure requirements.


This announcement is dated 30 October 2012.


Announcement Info

Company NameTH PLANTATIONS BERHAD  
Stock Name THPLANT    
Date Announced30 Oct 2012  
CategoryGeneral Announcement
Reference NoTP-121029-3FC74
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