| Type | Announcement |
| Subject | OTHERS |
| Description |
SIME DARBY PROPERTY BERHAD ("SIME DARBY PROPERTY" or "THE COMPANY") - ISLAMIC MEDIUM TERM NOTES ("SUKUK MUSHARAKAH") PROGRAMME OF RM4,500 MILLION IN NOMINAL VALUE BASED ON THE SHARIAH PRINCIPLE OF MUSHARAKAH ("SUKUK MUSHARAKAH PROGRAMME") |
Reference is made to the announcement dated 21 October 2020 in relation to the Sukuk Musharakah Programme.
On behalf of the Board of Directors of Sime Darby Property, Maybank Investment Bank Berhad (“Maybank IB”) is pleased to announce that Sime Darby Property has on 3 December 2020 successfully made its first issuance of Sukuk Musharakah under the Sukuk Musharakah Programme (“Sukuk Issuance”). The Sukuk Musharakah Programme has been assigned a final credit rating of AA+IS with a stable outlook by Malaysian Rating Corporation Berhad.
The total issue size is RM800.0 million in nominal value, comprising the following:
|
Issuance Type |
Tenor (Years) |
Issue Size (RM’million) |
|
ASEAN Sustainability SRI Sukuk Musharakah |
5 |
150.0 |
|
Sukuk Musharakah |
7 |
500.0 |
|
Sukuk Musharakah |
10 |
150.0 |
The proceeds from the issuance of the Sukuk Musharakah shall be utilised to finance Sime Darby Property Group’s future investments and/or capital expenditure and/or the Sime Darby Property Group’s working capital requirements and general corporate purpose and/or, if required, to refinance debt obligations (whether in whole or in part) of Sime Darby Property Group. In any case, all utilisation of funds shall be Shariah compliant. The proceeds from the issuance of the ASEAN Sustainability SRI Sukuk Musharakah shall be utilised for the purposes set out above provided that it shall meet the criteria as set out in Sime Darby Property’s Sustainability Sukuk Framework and the following guidelines or frameworks or standards, as amended from time to time under which such ASEAN Sustainability SRI Sukuk Musharakah are issued: (a) the Sustainable and Responsible Investment (“SRI”) Sukuk framework under the Guidelines on Unlisted Capital Market Products under the Lodge and Launch Framework issued by the SC on 9 March 2015 and revised on 12 November 2020 (as amended from time to time) (“LOLA Guidelines”); (b) the ASEAN Green Bond Standards issued by the ASEAN Capital Markets Forum (“ACMF”) on November 2017; (c) the ASEAN Social Bond Standards issued by the ACMF on October 2018; and (d) the ASEAN Sustainability Bond Standards issued by the ACMF on October 2018. Maybank IB is the sole Principal Adviser and Lead Arranger for the Sukuk Musharakah Programme. CIMB Investment Bank Berhad, Maybank IB and Public Investment Bank Berhad are the Joint Lead Managers for the Sukuk Musharakah Programme. This announcement is dated 3 December 2020.
Announcement Info
| Company Name | SIME DARBY PROPERTY BERHAD |
| Stock Name | SIMEPROP |
| Date Announced | 03 Dec 2020 |
| Category | General Announcement for PLC |
| Reference Number | GA1-03122020-00027 |