KUALA LUMPUR (Oct 23): CelcomDigi Bhd’s (KL:CDB) wholly-owned subsidiary, CelcomDigi Telecommunications Sdn Bhd, has lodged a proposed Islamic medium-term notes (sukuk) programme of up to RM10 billion in nominal value with the Securities Commission Malaysia (SC).
Proceeds from the sukuk programme will be allocated for financing capital expenditure, working capital, general funding requirements and corporate purposes of the issuer, its subsidiaries and the CelcomDigi group.
It will also be used to refinance existing conventional borrowings and Islamic financings, fund future Islamic financings, including the redemption of outstanding sukuk issued under the programme, and cover fees and expenses related to the programme and its issuances, according to the telco's bourse filing on Friday (Oct 23).
The sukuk programme has a perpetual tenure and will be issued under the Shariah principle of Murabahah via a Tawarruq arrangement.
The company said proceeds from any sukuk issued under the programme must be used for Shariah-compliant purposes.
AmInvestment Bank Bhd and CIMB Investment Bank Bhd are the joint principal advisers, joint lead arrangers and joint lead managers for the programme. AmBank Islamic Bhd and CIMB Islamic Bank Bhd are the joint Shariah advisers.
The sukuk programme has been assigned a rating of AAA by RAM Rating Services Bhd.
CelcomDigi had total loans and borrowings of RM14.46 billion as at June 30, 2026, up from RM13.85 billion at end-December 2025.
The group’s cash and cash equivalents amounted to RM684 million.
For the first half ended June 30, 2026 (1HFY2026), CelcomDigi posted a net profit of RM816 million, down by 2.8% year-on-year from RM823 million, while revenue was flat at RM6.39 billion.
On Friday’s market close, CelcomDigi’s share price settled six sen or 2.4% lower at RM2.44, bringing the company’s market capitalisation to RM28.63 billion. The stock has fallen by some 24% year to date.