MRCB - Home

On behalf of Malaysian Resources Corporation Berhad (“MRCB” or the “Company”), HSBC Amanah Malaysia Berhad and Maybank Investment Bank Berhad are pleased to announce that the Company had on 12 June 2020 made a lodgement to the Securities Commission Malaysia (“SC”) for the establishment of the Proposed Islamic Medium Term Notes (“Sukuk Murabahah”) Programme of up to RM5.0 billion in nominal value based on the shariah principle of murabahah (via a tawarruq arrangement) (“Sukuk Murabahah Programme”) under the SC’s Guidelines on Unlisted Capital Market Products under the Lodge and Launch Framework issued by the SC on 9 March 2015 and revised on 28 April 2020 (as amended from time to time).

The Sukuk Murabahah Programme will have a perpetual programme tenure and has been assigned a preliminary rating of AA-IS by Malaysian Rating Corporation Berhad.

Proceeds raised from the Sukuk Murabahah issuance shall be utilised by the Company and its subsidiary companies (“MRCB Group”) for general working capital, capital expenditure and other general corporate purposes, which shall be Shariah compliant.

The Sukuk Murabahah Programme serves as a funding platform for MRCB Group to fund business growth and to meet future funding requirements, as and when required.

HSBC Amanah Malaysia Berhad and Maybank Investment Bank Berhad are the Joint Principal Advisers, Joint Lead Arrangers and Joint Lead Managers for the Sukuk Murabahah Programme.

This announcement is dated 12 June 2020.