KUALA LUMPUR (Dec 8): Aeon Credit Service (M) Bhd said it has fully redeemed its RM100 million sukuk in nominal value that was callable on Friday.

In a bourse filing, the group said it had issued the unrated subordinated perpetual sukuk on Dec 10, 2018.

A week ago, Aeon Credit issued a senior sukuk with a nominal amount of RM300 million and a tenure of five years.

That issuance is the fourth and final tranche of the financial services provider’s sukuk wakalah programme of RM2 billion in nominal value.

Proceeds from the senior sukuk issuance will be used for financing disbursements to customers as part of its business of providing consumer financing based on shariah principles, and to refinance any existing loans or financing of the group or any sukuk issued.

Shares in Aeon Credit closed three sen or 0.53% lower to RM5.63, giving the group a market capitalisation of RM2.87 billion. Year to date, the stock has fallen 10.63%.