By Marisa Wong
Madison, Wis., March 11 - Eversendai Corp. Bhd. said it issued of RM 250 million Islamic medium-term notes with a maturity of five years and a periodic distribution rate of 4.7%.
This is the first tranche under the company's RM 500 million sukuk program established in February. Standard Chartered Saadiq Bhd. is the lead arranger for the seven-year program.
The sukuk have been rated AA3 by RAM Rating Services.
Proceeds will be used for general corporate purposes or working capital requirements.
Eversendai is a construction company based in Rawang, Selangor, Malaysia.
| Issuer: | Eversendai Corp. Bhd.
|
| Issue: | Islamic medium-term notes
|
| Amount: | RM 250 million
|
| Maturity: | Five years
|
| Coupon: | 4.7%, payable semiannually
|
| Settlement date: | March 11
|
| Rating: | RAM Rating Services: AA3
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
