UOB locations out Exsim’s sukuk

KUALA LUMPUR: United Abroad Financial institution (M) Bhd (UOB Malaysia) has efficiently priced and positioned out Exsim group’s issuance of four-year RM300mil Islamic medium-term notes (IMTN) at a set revenue price of 5.1% every year.

In a press release, UOB Malaysia mentioned the issuance is the third tranche of the property developer’s RM2bil sukuk musharakah program that monetises the long run earnings of its inexperienced residential improvement within the Klang Valley. UOB Malaysia is the lead arranger and lead supervisor of the IMTN issuance.

“Because the Malaysian property market has proven stronger indicators of restoration within the first quarter of 2022, the IMTN issuance was effectively obtained by high quality institutional buyers, together with insurance coverage firms, asset administration firms, banks and personal banks,” it mentioned. — Bernama


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