General Announcement for PLC

26/12/2019

OTHERS Islamic Medium Term Notes Facility of up to RM535.0 Million in nominal value based on the Shariah principle of Murabahah (via Tawarruq Arrangement) ("Sukuk Murabahah Facility")

AHMAD ZAKI RESOURCES BERHAD

Type Announcement
Subject OTHERS
Description 
Islamic Medium Term Notes Facility of up to RM535.0 Million in nominal value based on the Shariah principle of Murabahah (via Tawarruq Arrangement) ("Sukuk Murabahah Facility")

Reference is made to the previous announcement dated 4 September 2019 in relation to AZRB Capital Sdn Bhd (“ACSB”) (a wholly-owned subsidiary of the Company)’s lodgement to the Securities Commission Malaysia for the establishment of the Sukuk Murabahah Facility. 

 

The Board of Directors of AZRB is pleased to announce that it has today, via ACSB, issued RM535.0 million in nominal value Sukuk Murabahah pursuant to the Sukuk Murabahah Facility. 

 

Proceeds raised from the issuance will be advanced to the Company for its Shariah-compliant general working capital requirements and corporate purposes. The Sukuk Murabahah Facility has been accorded with a long-term rating of AA- (stable outlook) by Malaysian Rating Corporation Berhad. 

 

Maybank Investment Bank Berhad is the Principal Adviser, Lead Arranger and Lead Manager for the Sukuk Murabahah Facility. 


This announcement is dated 26 December 2019.



Announcement Info

Company Name AHMAD ZAKI RESOURCES BERHAD
Stock Name AZRB
Date Announced 26 Dec 2019
Category General Announcement for PLC
Reference Number GA1-23122019-00041


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