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Published: Thursday September 13, 2012 MYT 1:45:00 PM
TH Plantations’ RM1.5b Sukuk plan gets SC nod
KUALA LUMPUR: TH Plantations Bhd plans a Sukuk Murabahah programme of up to RM1.5bil in nominal value with a 15-year tenure.
It said on Thursday it had obtained the Securities Commission's approval for the programme.
Hong Leong Islamic Bank Bhd and RHB Investment Bank Bhd have been appointed joint principal advisers, joint lead arrangers and joint lead managers for the programme.
TH Plantations said the proceeds would be used repay in full its commodity Murabahah term financing-i facilities; to finance capital expenditure requirements; and to finance any other general corporate purposes of the group.
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