Malaysia’s JB Cocoa Issues MYR 100 Million Wakalah Sukuk under Sukuk Wakalah Programme
December 08, 2022
Malaysia-based JB Cocoa Sdn Bhd (JB Cocoa), the wholly owned subsidiary of investment holding company JB Foods Limited’s (JB Foods) has announced the successful issuance of the first tranche of MYR 100 million Wakalah Sukuk, under an MYR 500 million nominally-valued Sukuk Wakalah programme based on Wakalah Bi Al-Istithmar.
Why it Matters?
The issuance, which was made to support the company in diversifying its fundraising requirements by utilising the capital market for business expansion despite the current difficult economic environment, received commitment and guidance from AmInvestment Bank and the AmBank Banking Business team who supported the programme.
DetailsMARC Ratings Berhad assigned the programme a...