09-07-2025
- Business
- New Straits Times
Zetrix upsizes sukuk issuance to RM2bil from RM1bil
KUALA LUMPUR: Zetrix AI Bhd, formerly known as MyEG Services Bhd, has increased the size of its sukuk Wakalah programme to RM2 billion in nominal value, doubling the original RM1 billion.
In a filing with Bursa Malaysia, Zetrix said the sukuk will primarily support the continued growth of its blockchain and artificial intelligence initiatives.
Zetrix said the lodgement with the Securities Commission (SC) for the upsizing was made on July 8.
The company said the programme carries a perpetual tenure and allows for multiple issuances, provided the total outstanding nominal value does not exceed RM2 billion at any given time.
The sukuk has been rated AA-is with a stable outlook by MARC Ratings Bhd.
Zetrix said the programme also offers flexibility to issue sukuk aligned with Ggeen, social, sustainability and sustainable and responsible investment frameworks established by the SC, the Asean Capital Markets Forum and the International Capital Market Association.
CIMB Investment Bank Bhd and HSBC Amanah Malaysia Bhd are the joint principal advisers, joint lead arrangers and joint sustainability structuring agents for the programme.
CIMB Islamic Bank Bhd and HSBC Amanah Malaysia Bhd serve as joint Shariah advisers.
