UEM Dawn Islamic paper issuance performed


PETALING JAYA: UEM Dawn Bhd has accomplished its issuance of RM100mil in nominal worth of Islamic industrial papers (ICPs) and RM110mil in nominal worth of Islamic medium-term notes (IMTNs) underneath the brand new ICP Program and IMTN program established in October 2021.

In a Bursa Malaysia submitting, the property developer mentioned the ICPs have a tenure of 12 months and can mature on April 12, 2023, while the IMTNs have a tenure of three years and can mature on April 11, 2025.

The proceeds might be used for UEM Dawn’s syariah-compliant basic company functions together with undertaking improvement price and infrastructure price, capital and basic expenditure, and refinancing of Islamic financing or excellent mortgage services.

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