KUALA LUMPUR: Samaiden Group Bhd has announced the establishment of a RM1.0 billion Islamic medium term notes (IMTN) programme and a RM500.0 million Islamic commercial papers (ICP) programme, both under the shariah principle of Wakalah bi al-Istithmar.
The renewable energy specialist said the programmes will allow the issuance of both rated and unrated Islamic notes and papers, with options for them to be secured or unsecured, with or without a financial guarantor.
“These instruments will support capital expenditures, working capital, corporate purposes, project investments, asset acquisitions, refinancing of shariah-compliant financings and related expenses.
“The IMTN programme has a tenure of 30 years, while the ICP programme has a tenure of seven years. The programmes will adhere to Samaiden’s sustainability sukuk framework, accorded a Gold Sustainable Finance by RAM Sustainability Sdn Bhd,” it said in a statement today.
Its group managing director Chow Pui Hee said the programmes provide the company with the financial flexibility needed to support upcoming projects and align with the commitment to sustainability and shariah principles.
“Additionally, we offer attractive opportunities for Islamic investors to participate in sustainable and ethically aligned investments. The board of directors believes that these initiatives are in the best interest of the company,” she said.
Hong Leong Investment Bank Bhd is the principal adviser, lead arranger, lead manager and facility agent for the programmes. – Bernama