Johor Plantations issues RM200mil Sustainability Sukuk Wakalah-IMTN
In a statement, it said the 10-year sukuk, maturing on Aug 15, 2035, offers a periodic distribution rate of 3.70 per cent per annum.
"The favourable rates achieved in this sukuk issuance reflect the strong investor confidence in JPG.
"The final oversubscription of 4.93 times on the Sustainability Sukuk Wakalah-IMTN during the bookbuilding process underscores robust demand and investor trust in our sustainability commitment and solid operational performance, positioning us well for future growth," it said.
JPG said proceeds from the sukuk issuance shall be utilised to finance the Shariah-compliant capital expenditure of JPG's Integrated Sustainable Palm Oil Complex (ISPOC), an eligible green project under the framework.
Maybank Investment Bank Bhd is the principal adviser and sustainability structuring adviser for the Sukuk Wakalah programmes.
"The joint lead arrangers for the Sukuk Wakalah programmes are CIMB Investment Bank Bhd and Maybank Investment Bank Bhd.
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Johor Plantation posts robust results, declares 1.25 sen dividend
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New Straits Times
a day ago
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Johor Plantations issues RM200mil Sustainability Sukuk Wakalah-IMTN
KUALA LUMPUR: Johor Plantations Group Bhd (JPG) has issued Series 2 Sukuk Wakalah-Islamic Medium Term Notes Programme (IMTN), its inaugural Sustainability Sukuk Wakalah-IMTN, in aggregate of RM200 million in nominal value under the IMTN programme. In a statement, it said the 10-year sukuk, maturing on Aug 15, 2035, offers a periodic distribution rate of 3.70 per cent per annum. "The favourable rates achieved in this sukuk issuance reflect the strong investor confidence in JPG. "The final oversubscription of 4.93 times on the Sustainability Sukuk Wakalah-IMTN during the bookbuilding process underscores robust demand and investor trust in our sustainability commitment and solid operational performance, positioning us well for future growth," it said. JPG said proceeds from the sukuk issuance shall be utilised to finance the Shariah-compliant capital expenditure of JPG's Integrated Sustainable Palm Oil Complex (ISPOC), an eligible green project under the framework. Maybank Investment Bank Bhd is the principal adviser and sustainability structuring adviser for the Sukuk Wakalah programmes. "The joint lead arrangers for the Sukuk Wakalah programmes are CIMB Investment Bank Bhd and Maybank Investment Bank Bhd.
Malaysian Reserve
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Johor Plantations issues RM200m sustainability sukuk
JOHOR Plantations Group Bhd (JPG) has issued its inaugural sustainability sukuk wakalah-IMTN worth RM200 million under its RM3 billion sukuk wakalah programmes. The 10-year notes, carrying a 3.70% periodic distribution rate, were oversubscribed by 4.93 times, reflecting strong investor confidence. Proceeds will fund shariah-compliant capital expenditure for JPG's integrated sustainable palm oil complex. Maybank IB is the principal adviser, with CIMB IB and Maybank IB as joint lead arrangers.
