General Announcement for PLC

29/09/2020

OTHERS OSK HOLDINGS BERHAD ("OSKH" OR "THE COMPANY") - ESTABLISHMENT OF AN ISLAMIC MEDIUM TERM NOTE PROGRAMME ("SUKUK MURABAHAH PROGRAMME") FOR THE ISSUANCE OF ISLAMIC MEDIUM TERM NOTES ("SUKUK MURABAHAH") AND A MULTI-CURRENCY MEDIUM TERM NOTE PROGRAMME ("MCMTN PROGRAMME") FOR THE ISSUANCE OF MULTI-CURRENCY MEDIUM TERM NOTES ("MCMTN"), WITH A COMBINED LIMIT OF UP TO RM2.0 BILLION (OR ITS EQUIVALENT IN OTHER CURRENCIES) IN AGGREGATE NOMINAL VALUE, BY OSK RATED BOND SDN. BHD., GUARANTEED BY OSKH

OSK HOLDINGS BERHAD

Type Announcement
Subject OTHERS
Description 
OSK HOLDINGS BERHAD ("OSKH" OR "THE COMPANY")
- ESTABLISHMENT OF AN ISLAMIC MEDIUM TERM NOTE PROGRAMME ("SUKUK MURABAHAH PROGRAMME") FOR THE ISSUANCE OF ISLAMIC MEDIUM TERM NOTES ("SUKUK MURABAHAH") AND A MULTI-CURRENCY MEDIUM TERM NOTE PROGRAMME ("MCMTN PROGRAMME") FOR THE ISSUANCE OF MULTI-CURRENCY MEDIUM TERM NOTES ("MCMTN"), WITH A COMBINED LIMIT OF UP TO RM2.0 BILLION (OR ITS EQUIVALENT IN OTHER CURRENCIES) IN AGGREGATE NOMINAL VALUE, BY OSK RATED BOND SDN. BHD., GUARANTEED BY OSKH
 
1. INTRODUCTION

The Company wishes to announce that OSK Rated Bond Sdn. Bhd. (the “Issuer”), a wholly-owned subsidiary of the Company had, on 29 September 2020, lodged with the Securities Commission Malaysia (“SC”) all the required information and relevant documents relating to the Programmes pursuant to the Guidelines on Unlisted Capital Market Products under the Lodge and Launch Framework issued by the SC on 9 March 2015 and revised on 30 June 2020.

2. DETAILS OF THE PROGRAMMES

The Sukuk Murabahah Programme and the MCMTN Programme, guaranteed by OSKH, have a perpetual tenure whereas the Sukuk Murabahah and the MCMTN to be issued under the Sukuk Murabahah Programme and the MCMTN Programme respectively shall have a tenure of more than one (1) year, as may be determined by the Issuer prior to each issuance. The Sukuk Murabahah Programme and the Ringgit-denominated medium term notes issuances under the MCMTN Programme have been assigned a preliminary rating of AAIS and AA respectively by Malaysian Rating Corporation Berhad.

3. UTILISATION OF PROCEEDS

The proceeds raised from the issuance of Sukuk Murabahah under the Sukuk Murabahah Programme and the MCMTN under the MCMTN Programme shall be utilised by OSKH and its direct and indirect subsidiaries and includes jointly-controlled entities and associate companies of OSKH (excluding RHB Bank Berhad and its subsidiaries) for the following purposes:-

(i) refinancing of financing / borrowings;

(ii) capital expenditure;

(iii) working capital;

(iv) general corporate purposes; and/or

(v) defray fees, costs and expenses in relation to the issuance of the Sukuk Murabahah / MCMTN and the Sukuk Murabahah Programme / MCMTN Programme.

In addition to the above, the proceeds from the issuance of Sukuk Murabahah under the Sukuk Murabahah Programme shall be used for Shariah-compliant purposes.

4. ADVISER

RHB Investment Bank Berhad is the Principal Adviser, Lead Arranger and Lead Manager for the Sukuk Murabahah Programme and the MCMTN Programme.

This announcement is dated 29 September 2020.



Announcement Info

Company Name OSK HOLDINGS BERHAD
Stock Name OSK
Date Announced 29 Sep 2020
Category General Announcement for PLC
Reference Number GA1-25092020-00028


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