Latest news with #SukukMurabahahProgramme
The Star
5 days ago
- Business
- The Star
Mah Sing completes RM250mil sukuk issuance
KUALA LUMPUR: Mah Sing Group Bhd has completed the issuance of RM250mil secured and unrated Sukuk Murabahah under its existing Sukuk Murabahah Programme In a filing with Bursa Malaysia, the property developer said the Sukuk Murabahah has a five-year tenure and carries a fixed profit rate of 4.25% per annum, payable semi-annually. The sukuk is secured by assets owned by the company's subsidiaries and designated accounts. 'The proceeds raised from this issuance of sukuk Murabahah will be utilised for Shariah-compliant purposes which may include landbanking, capital expenditures, investments and working capital of Mah Sing and its subsidiaries and associate companies as well as the refinancing of the group's existing borrowings and/or to redeem the existing sukuk Murabahah,' Mah Sing said. Hong Leong Investment Bank Bhd is the principal adviser, lead arranger and lead manager for the sukuk Murabahah programme.
The Star
6 days ago
- Business
- The Star
Puncak Niaga issues sukuk of RM255mil
PETALING JAYA: Ideal Water Resources Sdn Bhd (IWR), a wholly-owned subsidiary of Puncak Niaga Holdings Bhd has completed the issuance of the second tranche sukuk murabahah of RM255mil in nominal value under the Sukuk Murabahah Programme. The second tranche sukuk murabahah, secured by cashflows arising from the Z1P 2 concession, has been assigned a final AA2/stable credit rating by RAM Rating Services Bhd and carries a tenure of up to nine years from the issue date with profit rates ranging from 4.10% to 4.92% per annum. The proceeds raised from it will be utilised for a number of purposes including to partly redeem the first tranche sukuk murabahah issued by IWR, to advance to sister company Pujian Bayu Sdn Bhd for the partial early redemption of the medium term notes issued by Pujian Bayu.
The Star
01-07-2025
- Business
- The Star
Trading ideas: GenM, Gamuda, RHB, Theta Edge, Reservoir Link, LFE, SCIB, MyEG, Sapura Energy
KUALA LUMPUR: Here is a recap of the announcements that made headlines in Corporate Malaysia. Genting Malaysia Bhd announced its wholly-owned subsidiary, Genting New York LLC, had submitted a bid for a commercial casino licence to the New York State Gaming Commission on 27 June 2025 in response to the request for proposal. Gamuda Bhd has secured its ninth project in Taiwan with a RM3.7bn contract to construct the wharf and connecting roads for the Kaohsiung Port Intercontinental LNG Terminal. RHB Bank Bhd has completed its fifth Senior Sukuk Murabahah issuance, amounting to RM900.0mn in nominal value, under its Sukuk Murabahah Programme, and its first Tier 2 Notes issuance of RM500.0mn in nominal value under the Note Programme. Theta Edge Bhd has secured a RM87.9mn contract for the construction of fibre optic infrastructure along Petronas Gas Bhd 's pipeline right-of-way in Terengganu. Reservoir Link Energy Bhd has received a work order award from Petronas Carigali Sdn Bhd for the provision of annulus wash and cement assurance, which is expected to generate up to RM25.0mn annually until 2029. LFE Corporation Bhd has secured 4 contracts worth RM70.8mn for construction and material supply works in Cyberjaya and Ara Damansara. Sarawak Consolidated Industries Bhd plans to invest approximately RM57.6mn in a new precast concrete manufacturing plant at Demak Laut Industrial Park in Kuching. MyEG Services Bhd has announced that it will change its name to Zetrix AI Bhd, effective 9:00 a.m. on July 3. Its stock short name will be changed from MYEG to ZETRIX, while its stock code will remain unchanged. Bursa Malaysia Securities Bhd has approved Sapura Energy Bhd 's proposed regularisation plan to exit its Practice Note 17 status, following 4 deadline extensions. PMCK Bhd's initial public offering has been oversubscribed by 1.87 times for the Malaysian public portion, ahead of its listing on the ACE Market of Bursa Malaysia on July 9. Wang-Zheng Bhd reported that a fire broke out yesterday morning at the Rawang factory and warehouse of its wholly-owned subsidiary, Carefeel Cotton Industries (M) Sdn Bhd. Shin Yang Group Bhd is acquiring a parcel of leasehold land together with a warehouse building, measuring approximately 1.9 hectares in Kuching, Sarawak from Forescom Plywood Sdn Bhd for RM12.1mn. Singapore Exchange-listed precision engineering company UMS Integration Ltd has issued its prospectus for a secondary listing on the Main Market of Bursa Malaysia by way of introduction. HHRG Bhd 's wholly-owned subsidiary, HHRG Capital Sdn Bhd, which operates a licensed money-lending business, has lodged a police report against the company's former CEO, Fong Chee Khuen. Dagang Nexchange Bhd has signed a MoU with Sinohydro Corporation (M) Sdn Bhd to explore and develop key initiatives in Malaysia's growing renewable energy sector. Ni Hsin Group Bhd has entered into a Heads of Agreement to acquire Hy-Fresh Group, one of Malaysia's largest fully integrated halal-certified poultry businesses. Yinson Holdings Bhd 's net profit dropped 43.4% YoY to RM115.0mn in 1QFY26, from RM203.0mn a year earlier, largely due to lower construction progress billings and higher administrative expenses. Marine & General Bhd 's net profit dropped 2.8% YoY to RM17.6mn in 4QFY25, from RM18.1mn a year earlier, mainly due to lower reversal of vessel impairment recorded in the quarter under review. Sapura Energy Bhd reported a net loss of RM478.0mn for 1QFY26, compared to a net profit of RM82.1mn a year earlier, due to higher costs from ongoing engineering and construction projects.
The Star
30-06-2025
- Business
- The Star
RHB issues RM900mil sukuk, RM500mil Tier-2 notes
KUALA LUMPUR: RHB Bank Bhd has completed its fifth Senior Sukuk Murabahah issuance of RM900 million in nominal value under the Sukuk Murabahah Programme and first T2 Notes issuance of RM500 million in nominal value under the Note Programme. In a filing with Bursa Malaysia today, the bank stated that the Senior Sukuk Murabahah is based on the Shariah Principle of Murabahah (via Tawarruq arrangement) and rated AA1/Stable by RAM Rating Services Bhd (RAM Ratings). The Senior Sukuk Murabahah is issued for a tenure of seven years with a fixed profit rate of 3.81 per cent per annum, payable semi-annually in arrears. "Proceeds raised from the Senior Sukuk Murabahah will be utilised for the working capital of its subsidiary company in Islamic business activities,' it said. The T2 Notes, rated AA2/Stable by RAM Ratings, were issued for a tenure of 12 non-callable seven (12NC7) years with a fixed coupon rate of 3.93 per cent per annum, payable semi-annually in arrears. "The T2 Notes will have an optional redemption call option on the seventh anniversary of the issue date (with the first optional redemption date on June 30, 2032) and on any coupon payment date thereafter. RHB Bank said proceeds raised from the T2 Notes will be utilised to finance the working capital of RHB Bank and its subsidiaries, general banking purposes and/or refinancing the outstanding borrowings or capital instruments of RHB Bank and its subsidiaries. The RM500 million T2 Notes will qualify as Tier 2 capital of RHB Bank in accordance with Bank Negara Malaysia's Policy Document on Capital Adequacy Framework (Capital Components) issued on June 14, 2024, it added. - Bernama
New Straits Times
30-06-2025
- Business
- New Straits Times
RHB issues RM900mil sukuk, RM500mil Tier-2 notes
KUALA LUMPUR: RHB Bank Bhd has completed its fifth Senior Sukuk Murabahah issuance of RM900 million in nominal value under the Sukuk Murabahah Programme and first T2 Notes issuance of RM500 million in nominal value under the Note Programme. In a filing with Bursa Malaysia today, the bank stated that the Senior Sukuk Murabahah is based on the Shariah Principle of Murabahah (via Tawarruq arrangement) and rated AA1/Stable by RAM Rating Services Bhd (RAM Ratings). The Senior Sukuk Murabahah is issued for a tenure of seven years with a fixed profit rate of 3.81 per cent per annum, payable semi-annually in arrears. "Proceeds raised from the Senior Sukuk Murabahah will be utilised for the working capital of its subsidiary company in Islamic business activities," it said. The T2 Notes, rated AA2/Stable by RAM Ratings, were issued for a tenure of 12 non-callable seven (12NC7) years with a fixed coupon rate of 3.93 per cent per annum, payable semi-annually in arrears. "The T2 Notes will have an optional redemption call option on the seventh anniversary of the issue date (with the first optional redemption date on June 30, 2032) and on any coupon payment date thereafter. RHB Bank said proceeds raised from the T2 Notes will be utilised to finance the working capital of RHB Bank and its subsidiaries, general banking purposes and/or refinancing the outstanding borrowings or capital instruments of RHB Bank and its subsidiaries. The RM500 million T2 Notes will qualify as Tier 2 capital of RHB Bank in accordance with Bank Negara Malaysia's Policy Document on Capital Adequacy Framework (Capital Components) issued on June 14, 2024, it added.
