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OTHERS ISSUANCE OF RM300.0 MILLION IN NOMINAL VALUE FROM THE ISLAMIC MEDIUM TERM NOTES PROGRAMME OF UP TO RM800.0 MILLION BASED ON THE SHARIAH PRINCIPLE OF WAKALAH BI AL-ISTITHMAR ("SUKUK WAKALAH PROGRAMME") BY GUAN CHONG BERHAD ("SUKUK WAKALAH ISSUANCE")

GUAN CHONG BERHAD

Type Announcement
Subject OTHERS
Description
ISSUANCE OF RM300.0 MILLION IN NOMINAL VALUE FROM THE ISLAMIC MEDIUM TERM NOTES PROGRAMME OF UP TO RM800.0 MILLION BASED ON THE SHARIAH PRINCIPLE OF WAKALAH BI AL-ISTITHMAR ("SUKUK WAKALAH PROGRAMME") BY GUAN CHONG BERHAD ("SUKUK WAKALAH ISSUANCE")

On behalf of Guan Chong Berhad (“GCB”), Maybank Investment Bank Berhad acting as the Principal Adviser, Lead Arranger for the Sukuk Wakalah Programme and the Lead Manager for the Sukuk Wakalah Issuance is pleased to announce that GCB has on 30th January 2023 completed the issuances of RM300.0 million in nominal value of Sukuk Wakalah comprising of the following:

 

                Issue Size 

              (RM’million)

                Tenure

                (Years)

                Profit Rate

              (% per annum)

                   150.0

                     5

                        5.07

                   150.0

                     7

                        5.24

 

The proceeds raised from the Sukuk Wakalah shall be utilised by GCB for the following Shariah-compliant purposes:

 

(i) to finance its general working capital, capital expenditure, refinancing of existing and/or future financing and other general corporate purposes and/or to provide advance via Shariah-compliant manner to its subsidiaries for general working capital, capital expenditure, refinancing of existing financing/borrowings and/or future financing and other general corporate purposes; and

 

(ii) to defray expenses in relation to the Sukuk Wakalah Programme.

 

This announcement is dated 31 January 2023.






Announcement Info

Company Name GUAN CHONG BERHAD
Stock Name GCB
Date Announced 31 Jan 2023
Category General Announcement for PLC
Reference Number GA1-31012023-00079



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