Mah Sing Group (KLSE:MAHSING) completed an issuance of secured and unrated Sukuk Murabahah of 350 million ringgit in nominal value, under the company's existing Sukuk Murabahah Program.
The debt issue has a tenure of five years and carries an annual fixed profit rate of 4.45%, payable semi-annually, according to a Wednesday Malaysian bourse filing.
Proceeds will be utilised for Shariah-compliant purposes, including landbanking, capital expenditures, investments and as working capital.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.