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OTHERS ESTABLISHMENT OF A MULTI-CURRENCY ISLAMIC MEDIUM TERM NOTES PROGRAMME OF UP TO RM500.0 MILLION IN NOMINAL VALUE BASED ON THE SHARIAH PRINCIPLE OF MURABAHAH (VIA TAWARRUQ ARRANGEMENT) (MULTI-CURRENCY SUKUK PROGRAMME)

KEJURUTERAAN ASASTERA BERHAD

Type Announcement
Subject OTHERS
Description
ESTABLISHMENT OF A MULTI-CURRENCY ISLAMIC MEDIUM TERM NOTES PROGRAMME OF UP TO RM500.0 MILLION IN NOMINAL VALUE BASED ON THE SHARIAH PRINCIPLE OF MURABAHAH (VIA TAWARRUQ ARRANGEMENT) (MULTI-CURRENCY SUKUK PROGRAMME)

The Board of Directors of Kejuruteraan Asastera Berhad (“KAB”) wishes to announce that KAB’s wholly-owned subsidiary, KAB Energy Power Sdn Bhd (“KABEP” or “Issuer”) has on 29 September 2021 lodged with the Securities Commission Malaysia (“SC”), the required information and relevant documents pursuant to the SC’s Guidelines on Unlisted Capital Market Products under the Lodge and Launch Framework in relation to the issuance of the Sukuk Murabahah.

 

The Multi-Currency Sukuk Programme shall have a tenure of thirty (30) years from the date of first issuance of the Sukuk Murabahah. The Multi-Currency Sukuk Programme will provide KAB Group with the flexibility in its fund-raising exercise with varying amount and tenures for optimal asset-liability matching through the capital markets.

 

Public Investment Bank Berhad has been appointed as the Principal Adviser/Lead Arranger/Lead Manager for the Multi-Currency Sukuk Programme.




Please refer attachment below.



Announcement Info

Company Name KEJURUTERAAN ASASTERA BERHAD
Stock Name KAB
Date Announced 29 Sep 2021
Category General Announcement for PLC
Reference Number GA1-29092021-00026




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