Submitting Merchant Bank
:
MAYBANK INVESTMENT BANK BERHAD
Company Name
:
AHMAD ZAKI RESOURCES BERHAD
Stock Name
:
AZRB  
Date Announced
:
18/12/2013


Type
:
Announcement
Subject
:
OTHERS

Description
:
PROPOSED ISSUE OF, OFFER FOR SUBSCRIPTION OR PURCHASE OF, OR INVITATION TO SUBSCRIBE FOR OR PURCHASE OF GUARANTEED ISLAMIC MEDIUM TERM NOTES ("SUKUK MURABAHAH") PURSUANT TO AN ISLAMIC MEDIUM TERM NOTES FACILITY OF UP TO RM1,000.0 MILLION IN NOMINAL VALUE BASED ON THE SHARIAH PRINCIPLE OF MURABAHAH (VIA TAWARRUQ ARRANGEMENT) ("PROPOSED GUARANTEED SUKUK MURABAHAH FACILITY")

Announcement Details/Table Section :


The Board of Directors of AZRB is pleased to announce that AZRB's wholly-owned subsidiary, EKVE Sdn. Bhd. ("the Company"), had on 18 December 2013 received the authorisation from the Securities Commission Malaysia (the "SC") to establish the Proposed Guaranteed Sukuk Murabahah Facility.

The Proposed Guaranteed Sukuk Murabahah Facility will have a tenure of up to twenty two (22) years from the date of issuance of the Sukuk Murabahah. The proceeds from the Proposed Guaranteed Sukuk Murabahah Facility will be utilised amongst others, to part-finance all costs associated with the development, design, construction and operations of the East Klang Valley Expressway.

The Proposed Guaranteed Sukuk Murabahah Facility will be jointly guaranteed by Bank Pembangunan Malaysia Berhad ("BPMB") and Maybank Islamic Berhad and has been accorded a preliminary long-term rating of AAA(bg) with stable outlook by RAM Rating Services Berhad. The issuance under the Proposed Guaranteed Sukuk Murabahah Facility shall be made within one (1) year from the date of the SC's authorisation.

BPMB and Maybank Investment Bank Berhad are the Joint Principal Advisers, Joint Lead Arrangers and Joint Lead Managers for the Proposed Guaranteed Sukuk Murabahah Facility. The Shariah Adviser for the Proposed Guaranteed Sukuk Murabahah Facility is Maybank Islamic Berhad.

This announcement is dated 18 December 2013.


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