KUALA LUMPUR (Dec 1): DRB-HICOM BHD [] has issued RM500 million in nominal value of Sukuk in two tranches which would be used for working capital, projects and capital expenditure.
It said on Thursday'' the sukuk had been accorded a final rating of AA-IS by Malaysian Rating Corporation Bhd with a stable outlook.
The first tranche of the Sukuk, amounting to RM250 million in nominal value shall have a tenure of five years maturing on Nov 30, 2016.
The second tranche of the Sukuk, amounting to RM250.0 million in nominal value shall have a tenure of seven years, maturing on Nov 30, 2018.
It said on Thursday'' the sukuk had been accorded a final rating of AA-IS by Malaysian Rating Corporation Bhd with a stable outlook.
The first tranche of the Sukuk, amounting to RM250 million in nominal value shall have a tenure of five years maturing on Nov 30, 2016.
The second tranche of the Sukuk, amounting to RM250.0 million in nominal value shall have a tenure of seven years, maturing on Nov 30, 2018.
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