YNH completes RM323mil sukuk wakalah issuance

KUALA LUMPUR: YNH Property Bhd (YNH) has accomplished its Sukuk Wakalah issuance of RM323 million in nominal worth through its Sukuk Wakalah Program.

In a submitting with Bursa Malaysia at this time, the corporate stated Sequence 1 of the Islamic medium-term notes (IMTN) issuance has a nominal worth of RM153 million, to mature on Feb 28, 2025.

In the meantime, Sequence 2 of the IMTN issuance has a nominal worth of RM170 million, to mature on Feb 26, 2027.

The Sukuk Wakalah Program is structured primarily based on the Shariah precept of Wakalah Bi Al-Istithmar and has been assigned a credit standing of A+ IS by Malaysian Score Company Bhd.

HSBC Amanah Malaysia Bhd has been appointed because the principal adviser, lead arranger and shariah adviser for the Sukuk Wakalah Program, whereas CIMB Funding Financial institution Bhd and HSBC Amanah are the joint lead managers. – Bernama


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