Issuance Of Islamic Medium Term Notes (SUKUK WAKALAH) Of RM323.0 Million In Nominal Value Pursuant To An Islamic Medium Term Notes Programme Of Up To RM700.0 Million In Nominal Value, Based On The Shariah Principle Of Wakalah Bi Al-Istithmar (SUKUK WAKALAH PROGRAMME).
| Type | Announcement |
| Subject | OTHERS |
| Description |
YNH PROPERTY BHD ("YNH" OR "THE COMPANY") ISSUANCE OF ISLAMIC MEDIUM TERM NOTES (SUKUK WAKALAH) OF RM323.0 MILLION IN NOMINAL VALUE PURSUANT TO AN ISLAMIC MEDIUM TERM NOTES PROGRAMME OF UP TO RM700.0 MILLION IN NOMINAL VALUE, BASED ON THE SHARIAH PRINCIPLE OF WAKALAH BI AL-ISTITHMAR (SUKUK WAKALAH PROGRAMME). |
Reference is made to the Company’s announcement dated 26 November 2021.
YNH is pleased to announce that the Company has on 28 February 2022 successfully issued the Sukuk Wakalah in aggregate of RM323.0 million in nominal value from its Sukuk Wakalah Programme, with the following salient terms:
|
|
Series 1 |
Series 2 |
|
Nominal Value |
RM153.0 million |
RM170.0 million |
|
Issue Date |
28 February 2022 |
28 February 2022 |
|
Maturity Date |
28 February 2025 |
26 February 2027 |
|
Tenure |
3 years |
5 years |
The Sukuk Wakalah Programme is structured based on the Shariah principle of Wakalah Bi Al-Istithmar and has been assigned a credit rating of A+ IS by Malaysian Rating Corporation Berhad.
HSBC Amanah Malaysia Berhad (“HSBC Amanah”) is the sole Principal Adviser, Lead Arranger and Shariah Adviser for the Sukuk Wakalah Programme, whereas CIMB Investment Bank Berhad and HSBC Amanah are the Joint Lead Managers for the Sukuk Wakalah Programme.
This announcement is dated 4 March 2022.
Announcement Info
| Company Name | YNH PROPERTY BERHAD |
| Stock Name | YNHPROP |
| Date Announced | 04 Mar 2022 |
| Category | General Announcement for PLC |
| Reference Number | GA1-04032022-00021 |