2 days ago
- Business
- Malaysian Reserve
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.
