Bursa Announcements

Date : 09 March 2018

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

Unless stated otherwise, all expressions used in this announcement shall carry the same meanings as defined in the announcement dated 15 December 2017.

We refer to our announcement dated 15 December 2017 in relation to the Sukuk Programme.

The Board of Directors of Sunway is pleased to announce that on 9 March 2018, Sunway has successfully made its first IMTNs issuance of RM200.0 million under the Sukuk Programme. The IMTNs have been issued with a tenure of perpetual non-call 5 years at a profit rate of 5.50% per annum, payable semi-annually and are redeemable at the option of the Issuer subject to the terms of the IMTNs.

The IMTNs issued are subscribed by Kenanga Investors Berhad and will not be listed on any exchange.

The IMTNs issued by Sunway will not have any impact on the share capital, net assets per share, earnings per share, or the substantial shareholding structure of Sunway. However, the issuance of the IMTNs is expected to have a positive impact on the gearing of Sunway immediately after the issuance.

Kenanga Investment Bank Berhad is the Principal Adviser/Lead Arranger/Lead Manager for the Sukuk Programme.

This announcement is dated 9 March 2018.

 






Announcement Info

Company Name SUNWAY BERHAD
Stock Name SUNWAY
Date Announced 09 Mar 2018
Category General Announcement for PLC
Reference Number GA1-09032018-00119


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