KUALA LUMPUR: UEM Edgenta Bhd will issue Islamic Commercial Papers (ICP Programme) and Islamic Medium-Term Notes (IMTN) with a combined aggregate up to RM1 billion in nominal value and a sub-limit of RM300 million.
In a filing to Bursa Malaysia today, it said the proceeds raised from the sukuk programmes would be utilised for its shariah-compliant general corporate purposes.
The company added that it had lodged the required information and relevant documents relating to the proposed sukuk programmes to the Securities Commission.
The ICP Programme has been assigned a preliminary rating of MARC-1/S and the IMTN Programme has been assigned a preliminary rating of AA-IS by Malaysian Rating Corporation Bhd.
UEM Edgenta ended unchanged at RM3.20 today. --BERNAMA