On behalf of the Board of Directors of Sime Darby Property, Maybank Investment Bank Berhad (“Maybank IB”) is pleased to announce that the Sukuk Musharakah Programme which was novated by Sime Darby Berhad to Sime Darby Property Berhad with effect from 29 September 2017, has been assigned a preliminary rating of AA+IS with a stable outlook by Malaysian Rating Corporation Berhad.

The principal terms and conditions of the Sukuk Musharakah Programme have been revised to, amongst others:

a)  incorporate terms allowing for the issuance of the Sukuk Musharakah under the Sustainable and Responsible Investment Sukuk Framework by the Securities Commission Malaysia (“SC”) and/or the ASEAN Sustainability Bond Standards issued by the ASEAN Capital Markets Forum;

b)  incorporate the rating of the Sukuk Musharakah Programme; and

c)  be consistent with the requirements of the Guidelines on Trust Deed issued by the SC on 12 July 2011 and revised on 23 August 2020.

The revisions to the principal terms and conditions of the Sukuk Musharakah Programme will be submitted to the SC within 14 business days of the effective date of the revisions, prior to any issuance of Sukuk Musharakah under the Sukuk Musharakah Programme.

Maybank IB is the sole Principal Adviser and Lead Arranger for the Sukuk Musharakah Programme.

This announcement is dated 21 October 2020.

Announcement Info