Friday June 7, 2013

First Resources issues 3rd sukuk

KUALA LUMPUR: First Resources Ltd has successfully issued its third ringgit-denominated sukuk of RM600mil under its Sukuk Musharakah Programme of up to RM2bil, which was established on July 9, 2012.

A statement by RHB Investment Bank Bhd, which acted as the principal adviser for the sukuk programme, said the latest sukuk was issued by way of a private placement and will bear a periodic distribution rate of 4.35% per annum, payable semi-annually in arrears. – Bernama

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