1. INTRODUCTION
We refer to the previous announcement dated 17 September 2020 in relation to the Sukuk Murabahah Programme and the announcement dated 21 October 2020 in relation to the first issuance under the Sukuk Murabahah Programme.
PETRONAS Gas Berhad ("PGB" or "the Company") is pleased to announce that PLNG2, a sixty five percent (65%) owned subsidiary of PGB had on 30 March 2026 ("Issue Date") issued the RM800.0 million Sukuk Murabahah.
CIMB Investment Bank Berhad ("CIMB") is the sole Principal Adviser and sole Lead Arranger for the Sukuk Murabahah Programme. CIMB is also the sole Lead Manager/Bookrunner for the RM800.0 million Sukuk Murabahah.
2. ISSUANCE DETAILS
The RM800.0 million Sukuk Murabahah was issued in 11 tranches as follows:
| Tranche No. | Nominal Value (RM million) | Tenor (years from Issue Date) | Periodic Distribution Rate (% per annum) |
|---|
| 21 | 90 | 5 | 3.68 |
| 22 | 80 | 6 | 3.73 |
| 23 | 80 | 7 | 3.76 |
| 24 | 90 | 8 | 3.78 |
| 25 | 60 | 9 | 3.80 |
| 26 | 60 | 10 | 3.83 |
| 27 | 60 | 11 | 3.87 |
| 28 | 65 | 12 | 3.92 |
| 29 | 65 | 13 | 3.98 |
| 30 | 75 | 14 | 4.03 |
| 31 | 75 | 15 | 4.09 |
| TOTAL | 800 | | |
3. FINANCIAL EFFECT OF THE ISSUANCE
(i) Issued and paid-up share capital and substantial shareholders' shareholding
The RM800.0 million Sukuk Murabahah issuance will not have any effect on the issued and paid-up share capital of PGB and/or the substantial shareholders' shareholding in PGB.
(ii) Earnings and earnings per share ("EPS"), net assets per share and gearing
Upon the issuance of the RM800.0 million Sukuk Murabahah, PLNG2 shall utilise the RM800.0 million proceeds for payment towards the prepayment of the jetty usage agreement; and/or towards payment obligations under the jetty usage agreement; and/or working capital, capital expenditure and general corporate expenditure purposes and to fund the finance service reserve account.
The issuance of the Sukuk Murabahah is not expected to have a material impact on the earnings, EPS and net assets per share of PGB Group for the current financial year. The issuance is expected to slightly increase PGB Group's gearing. The Group will continue to maintain a prudent and optimum gearing position.
This announcement is dated 31 March 2026.