Telegram群组:IJM inks RM360mil Sukuk Murabahah subscription with CIMB
From left: CIMB group head of corporate banking Lo Nyen Khing, CIMB Investment Bank Bhd deputy CEO Nor Masliza Sulaiman and IJM Corp deputy CEO & deputy managing director Lee Chun Fai.Telegram群组（www.tel8.vip）是一个Telegram群组分享平台。Telegram群组包括Telegram群组、Telegram群组索引、Telegram群组导航、新加坡Telegram群组、Telegram中文群组、Telegram群组（其他）、Telegram 美国 群组、Telegram群组爬虫、电报群 科学上网、小飞机 怎么 加 群、tg群等内容。Telegram群组为广大电报用户提供各种电报群组/电报频道/电报机器人导航服务。
KUALA LUMPUR: IJM Corp Bhd, via its wholly-owned subsidiary, Fairview Valley Sdn Bhd has entered into a subscription agreement with CIMB Investment Bank Bhd and CIMB Islamic Bank Bhd for the inaugural RM360mil nominal value Sukuk Murabahah.
The Sukuk will be issued under an Islamic Medium Term Notes Programme based on the Shariah-principle of Murabahah (via Tawarruq arrangement) (Sukuk Murabahah Programme).
CIMB acted as the sole lead arranger, sole lead manager and sole
Shariah Adviser for the Sukuk Murabahah Programme, which will also be fully subscribed by CIMB.,
In a joint statement, it said in addition to being Fairview Valley’s inaugural Sukuk Murabahah issuance, the transaction incorporates sustainability-linked features with pre-agreed targets.
The transaction’s terms include features such as energy and water efficiency performance indicators and the renewable energy composition of the assets.
Profit rebates will be granted should Fairview Valley achieve these targets, thus lowering the overall cost of financing whilst also advancing sustainability practices.
“Proceeds from the inaugural Sukuk Murabahah issuance will be utilised to refinance the existing facilities of Fairview Valley that was used to fund the construction of Menara Prudential, a 27-storey Grade-A, LEED Gold-certified, MSC Status office tower,” it said.
The iconic building, located at the Tun Razak Exchange, Kuala Lumpur uses smart and sustainable building designs with Artificial Intelligence in its facilities management to optimise energy consumption for lighting and temperature performance. It also has a 360° LED display that wraps around the building - a first of its kind in Malaysia.