21. ISLAMIC MEDIUM-TERM NOTES (“IMTN”) (CONT’D) (a) On 23 October 2024, the Company established an Islamic Medium-Term Notes (“Sukuk Wakalah”) programme of up to RM1 billion in nominal value under the Shariah principle of Wakalah Bi-Al-Istithmar with a tenure of up to 30 years. (b) On 26 December 2024, the Company made its first issuance of RM200 million in nominal value under the Sukuk Wakalah programme, comprising two tranches of RM100 million each, with tenure of 3 and 5 years, respectively. The salient features of IMTNs are as follows:- First Issuance Tranche 1 Tranche 2 (i) Nominal Value (RM) 100,000,000 100,000,000 (ii) Issue Date 26 December 2025 26 December 2025 (iii) Maturity Date 24 December 2027 26 December 2029 (iv) Tenure 3 years 5 years (v) Mode of Issue for Sukuk Wakalah Bought deal Bought deal (vi) Periodic Distribution Rate (%) 4.85 4.98 (vii) Expected yield to maturity (%) 4.85 4.98 (viii) Issue Price (RM) 100,000,000 100,000,000 (ix) Distribution Period Semi-annual Semi-annual (c) The proceeds raised from the issuance of the Sukuk Wakalah shall be utilised to finance the issuer’s and/or its subsidiaries’ Shariah-compliant purposes which shall be as follows:- (i) investments and other general corporate purposes; (ii) capital expenditure; (iii) working capital requirements; (iv) refinancing of existing Islamic financing/conventional borrowings and/or future Islamic financing and/or Sukuk Wakalah issued under the Sukuk Wakalah programme, if applicable; and/or (v) to defray any fees, costs and expenses in relation to the establishment of the Sukuk Wakalah programme and issuance of Sukuk Wakalah under the Sukuk Wakalah programme. 199 Annual Report 2025
RkJQdWJsaXNoZXIy NDgzMzc=