KUALA LUMPUR (July 25): Pesona Metro Holdings Bhd (KL:PESONA) has made a lodgement with the Securities Commission Malaysia (SC) for the establishment of a sukuk wakalah programme of up to RM185 million, based on the shariah principle of 'Wakalah Bi Al-Istithmar'.
In a filing with Bursa Malaysia on Thursday, the construction and trading group said its 70%-owned SEP Resources (M) Sdn Bhd made the lodgement with the SC on Wednesday.
“The one-off issuance of the Asean Sustainability SRI Sukuk Wakalah shall have a tenure of up to 12 years from the date of issuance,” Pesona Metro said.
It also said that the issuance of the sukuk wakalah will comply with the SC’s Sustainable and Responsible Investment (SRI) Sukuk Framework under the Lodge and Launch Framework Guidelines.
The Asean Sustainability SRI Sukuk Wakalah would be secured against a list of securities, including a corporate guarantee from Pan Malaysia Holdings Bhd (KL:PMHLDG), and has been accorded a preliminary long-term rating of AA1 (with a stable outlook) by RAM Rating Services Bhd.
MIDF Amanah Investment Bank Bhd and Public Investment Bank Bhd are the joint principal advisers, lead arrangers and lead managers for the Asean Sustainability SRI Sukuk Wakalah.
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