Wednesday October 31, 2012
THP issues RM200mil in sukuk
PETALING JAYA: TH Plantations Bhd (THP) has established a sukuk murabahah programme of up to RM1bil in nominal value with the Pilgrimage Fund Board.
THP told Bursa Malaysia that yesterday it had issued RM200mil of sukuk under the programme.
The sukuk has a tenure of up to 15 years and will mature on Oct 29, 2027 and will bear a profit rate of 6.60% per annum, payable semi-annually in arrears.
The proceeds raised from the sukuk shall be utilised to pay in full THP’s existing commodity murabahah term financing-i facilities, and to finance the group’s capital expenditure requirements.