BURSA ANNOUNCEMENTS

Date : 15 December 2017

OTHERS SUNWAY BERHAD ("SUNWAY") ESTABLISHMENT OF A PERPETUAL ISLAMIC MEDIUM TERM NOTE PROGRAMME OF UP TO RM5.0 BILLION IN NOMINAL VALUE

SUNWAY BERHAD

Type Announcement
Subject OTHERS
Description
SUNWAY BERHAD ("SUNWAY")
ESTABLISHMENT OF A PERPETUAL ISLAMIC MEDIUM TERM NOTE PROGRAMME OF UP TO RM5.0 BILLION IN NOMINAL VALUE

1. INTRODUCTION

The Board of Directors of Sunway wishes to announce that Sunway has established a Perpetual Islamic Medium Term Note Programme of up to RM5.0 billion in nominal value (Sukuk Programme).

Sunway had on 15 December 2017 lodged with the Securities Commission Malaysia, the required information and relevant documents relating to the Sukuk Programme pursuant to the prevailing Guidelines on Unlisted Capital Market Products Under the Lodge and Launch Framework, and the first issuance of Islamic Medium Term Notes (IMTNs) is expected to be issued out of the Sukuk Programme by the first quarter of 2018.

Kenanga Investment Bank Berhad is the Sole Principal Adviser, Sole Lead Arranger and Sole Lead Manager for the Sukuk Programme.

2. DETAILS OF THE SUKUK PROGRAMME

The IMTNs (pursuant to the relevant transaction documents) constitute direct, unsecured and subordinated obligations of Sunway and shall rank pari passu without any preference amongst themselves and the IMTNs will be issued with a perpetual tenure that does not have a fixed maturity date.

The IMTNs to be issued under the Sukuk Programme shall be unrated and issued under the Shariah principle of Wakalah Bi Al-Istithmar and shall be transferable and tradable.

3. UTILISATION OF THE PROCEEDS

The proceeds from the Sukuk Programme shall be utilised to finance the investment activities, capital expenditure, working capital requirements and/or general corporate purposes (including but not limited to future operating expenses relating to the Sukuk Programme) of Sunway and/or its direct and indirect subsidiaries and including jointly controlled entities and associate companies.

This announcement is dated 15 December 2017.






Announcement Info

Company Name SUNWAY BERHAD
Stock Name SUNWAY
Date Announced 15 Dec 2017
Category General Announcement for PLC
Reference Number GA1-15122017-00081


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