Source from (The Star Online): http://biz.thestar.com.my/news/story.asp?file=/2012/9/14/business/12023361&sec=business
Published: September 14, 2012
PETALING JAYA: TH Plantations Bhd (THP) has proposed to establish a sukuk murabahah programme of up to RM1.5bil in nominal value.
THP told Bursa Malaysia that the programme would have a tenure of up to 15 years from the date of the first issuance.
The
plantation arm of the Pilgrimage Fund Board said proceeds from the
programme would be utilised to pay in full THP’s commodity murabahah
term financing-i facilities and to finance capital expenditure
requirements and other general corporate purposes.
The programme shall be unrated.
THP said the Securities Commission, via a letter dated Sept 11, had given its approval for the sukuk murabahah programme.
Hong Leong Islamic Bank Bhd and RHB Investment Bank Bhd were appointed as the joint principal advisers, joint lead arrangers and joint lead managers for the programme.
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