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