Sunsuria proposes to raise up to RM500m via sukuk
“The ICP programme has been assigned a preliminary rating of MARC-1IS by MARC Ratings Bhd,” Sunsuria said in a bourse filing on Wednesday.
“The ICP programme has been assigned a preliminary rating of MARC-1IS by MARC Ratings Bhd,” Sunsuria said in a bourse filing on Wednesday.
“This is not about gentrification, as they will return to their original neighbourhood once the houses are completed.
Proceeds from the debt notes to be issued under the programme will finance the REIT’s investment activities, refinance maturing sukuk wakalah under the programme, and fund requisite deposit in a sukuk trustee reimbursement account.
Serai Bukit Bandaraya, Kuala Lumpur condo unit sold for RM8.
The land, it said, "can serve as an enlarged hub" for the Malaysian Research Accelerator for Technology & Innovation (MRANTI) Park, which is located 1.
IOI Properties said proceeds raised from this issuance will be used by the company or its subsidiaries for shariah-compliant purposes, including capital expenditure, working capital requirements, refinancing of existing borrowings, and general corporate purposes.
“The redemption of sukuk reflects Tropicana Corp's prudent financial management and commitment to fulfilling its obligations to investors.
The average transaction price for Serai Bukit Bandaraya was RM1,644 psf, based on EdgeProp’s data for the past 48 months.
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The proceeds from the RM800 million perpetual sukuk issuance will be utilised by EcoWorld and its group entities for working capital requirements, investments, acquisitions and capital expenditures, refinancing or repayment of existing debt or future shariah-compliant financing, and/or general corporate purposes.