Friday July 20, 2012
CCM cancels sukuk issuance
PETALING JAYA: Chemical Company of Malaysia Bhd (CCM) said it had cancelled its sukuk issuance programme.
In a filing with Bursa Malaysia, CCM said it cancelled the issuance on grounds that it no longer required the programme and stated that its existing facilities were sufficient in facilitating its business requirements.
The company had cancelled the issuance of Musyarakah commercial papers (MCP) and Musyarakah medium-term notes (MMTN) pursuant to a MCP programme of up to RM250mil in nominal value and a MMTN programme of up to RM500mil in nominal value.