SIME - OTHERS Multi-Currency Sukuk Programme with a programme limit of up to USD1,500,000,000 (or its equivalent in other currencies)
|Company Name||SIME DARBY BERHAD|
|Date Announced||11 Jan 2013|
|Description||Multi-Currency Sukuk Programme with a programme limit of up to USD1,500,000,000 (or its equivalent in other currencies)|
Sime Darby Berhad (“Sime Darby”) is pleased to announce that on 11 January 2013, its wholly-owned subsidiary, Sime Darby Global Berhad (“Sime Darby Global”), received the Securities Commission Malaysia’s approval for the establishment of a Multi-Currency Sukuk Programme (“Programme”) with a programme limit of up to USD1,500,000,000 (or its equivalent in other currencies).
The Programme provides Sime Darby Global an avenue to tap into the liquidity of the international debt capital markets and will provide Sime Darby Global with the flexibility to raise funds via the issuance of sukuk in a multitude of tenors and currencies to best match its requirements.
Sime Darby intends to use the net proceeds raised from each issue of sukuk under the Programme to finance Sime Darby Group's capital expenditure, working capital requirements and general corporate purposes, among others. The Programme will be established pursuant to a Regulation S format and sukuk issued under the Programme will be listed on the Singapore Exchange Securities Trading Limited (“SGX-ST") and on Bursa Malaysia Securities Berhad (“Bursa Malaysia”) pursuant to Bursa Malaysia’s exempt regime.
The joint principal advisers for the Programme are HSBC Amanah Malaysia Berhad and Maybank Investment Bank Berhad, and the joint lead arrangers are Citigroup Global Markets Limited, HSBC Amanah Malaysia Berhad, Maybank Investment Bank Berhad and Standard Chartered Bank.
This announcement is dated 11 January 2013.