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OTHERS KIMLUN CORPORATION BERHAD ("KIMLUN" OR "THE COMPANY")
-ISSUANCE OF RM16.20 MILLION ISLAMIC COMMERCIAL PAPERS UNDER THE ISLAMIC COMMERCIAL PAPERS PROGRAMME BASED ON THE SHARIAH PRINCIPLE OF MURABAHAH (VIA TAWARRUQ ARRANGEMENT), WHICH TOGETHER WITH THE ISLAMIC MEDIUM TERM NOTES PROGRAMME FOR THE ISSUANCE OF ISLAMIC MEDIUM TERM NOTES BASED ON THE SHARIAH PRINCIPLE OF MURABAHAH (VIA TAWARRUQ ARRANGEMENT), HAVE A COMBINED LIMIT OF UP TO RM800.0 MILLION IN NOMINAL VALUE
KIMLUN CORPORATION BERHAD
Type
Announcement
Subject
OTHERS
Description
KIMLUN CORPORATION BERHAD ("KIMLUN" OR "THE COMPANY")
-ISSUANCE OF RM16.20 MILLION ISLAMIC COMMERCIAL PAPERS UNDER THE ISLAMIC COMMERCIAL PAPERS PROGRAMME BASED ON THE SHARIAH PRINCIPLE OF MURABAHAH (VIA TAWARRUQ ARRANGEMENT), WHICH TOGETHER WITH THE ISLAMIC MEDIUM TERM NOTES PROGRAMME FOR THE ISSUANCE OF ISLAMIC MEDIUM TERM NOTES BASED ON THE SHARIAH PRINCIPLE OF MURABAHAH (VIA TAWARRUQ ARRANGEMENT), HAVE A COMBINED LIMIT OF UP TO RM800.0 MILLION IN NOMINAL VALUE
We refer to our announcement dated 6 October 2021 ("Earlier Announcement") in relation to the lodgement of the proposed establishment of (i) the Islamic commercial papers programme ("ICP Programme") for the issuance of Islamic commercial papers ("ICP") based on the Shariah principle of Murabahah (via Tawarruq arrangement); and (ii) the Islamic medium term notes programme ("IMTN Programme") for the issuance of Islamic medium term notes based on the Shariah principle of Murabahah (via Tawarruq arrangement), which have a combined limit of up to RM800.0 million in nominal value.
Unless otherwise stated, the terms used herein shall have the same meaning as defined in the Earlier Announcement.
The Board of Directors of Kimlun is pleased to announce that the Company has on 25 September 2026 successfully issued the following two tranches of ICP pursuant to the ICP Programme.
Nominal value (RM)
Tenure
1.
5.80 million
1 year
2.
10.40 million
9 months
Total
16.20 million
The proceeds raised from the issuance of the ICP shall be used by Kimlun and its subsidiaries (collectively, the "Group") for Shariah-compliant general corporate purposes, working capital, capital expenditures and refinancing of existing financing of the Group.
The ICP is issued pursuant to the principal terms and conditions of the ICP Programme lodged with the Securities Commission Malaysia on 4 October 2021.
OCBC Al-Amin Bank Berhad is the Lead Manager for the issuance of the ICP.