Bursa Announcements

Date : 17 September 2015

OTHERS SUNWAY BERHAD ("SUNWAY") - REVISION TO THE PRINCIPAL TERMS AND CONDITIONS OF THE ISLAMIC COMMERCIAL PAPERS ("ICP") AND/OR ISLAMIC MEDIUM TERM NOTES ("IMTN") UNDER THE SHARIAH PRINCIPLE OF MUDHARABAH PURSUANT TO AN ICP/IMTN PROGRAMME OF UP TO RM2.0 BILLION IN NOMINAL VALUE BY SUNWAY TREASURY SUKUK SDN BHD ("SUKUK PROGRAMME")

SUNWAY BERHAD

Type Announcement
Subject OTHERS
Description
SUNWAY BERHAD ("SUNWAY")
- REVISION TO THE PRINCIPAL TERMS AND CONDITIONS OF THE ISLAMIC COMMERCIAL PAPERS ("ICP") AND/OR ISLAMIC MEDIUM TERM NOTES ("IMTN") UNDER THE SHARIAH PRINCIPLE OF MUDHARABAH PURSUANT TO AN ICP/IMTN PROGRAMME OF UP TO RM2.0 BILLION IN NOMINAL VALUE BY SUNWAY TREASURY SUKUK SDN BHD ("SUKUK PROGRAMME")

We refer to our announcements dated 22 August 2014 and 5 June 2015 in relation to the Sukuk Programme.

 

The Board of Directors of Sunway is pleased to announce that Sunway Treasury Sukuk Sdn Bhd (the Issuer), a wholly-owned subsidiary of Sunway Treasury Sdn Bhd, which in turn is a wholly-owned subsidiary of Sunway, has made a revision to the principal terms and conditions of the Sukuk Programme incorporating the following:

  1. the replacement of RAM Rating Services Berhad with Malaysian Rating Corporation Berhad as the credit rating agency; and
  2. the change in credit rating assigned from A2(s)/P1(s) to MARC-1IS(cg)/AA-IS(cg)/stable.

The abovementioned revision to the principal terms and conditions of the Sukuk Programme which is effective from 14 September 2015 has been notified to the Securities Commission Malaysia on 17 September 2015.

This announcement is dated 17 September 2015.

                         

                         






Announcement Info

Company Name SUNWAY BERHAD
Stock Name SUNWAY
Date Announced 17 Sep 2015
Category General Announcement for PLC
Reference Number GA1-03092015-00058


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