Malaysia’s Sunway Group to Launch MYR 2 Billion Sukuk Programme Through Indirect Subsidiary  

Malaysia-based Sunway South Quay Sdn Bhd (SSQ), the indirect wholly owned subsidiary of Sunway Berhad, has made a lodgement with the Securities Commission (SC) Malaysia for the issuance of MYR 2 billion nominally valued Islamic Medium-term Notes under its Sukuk Wakalah Programme and based on Wakalah Bi Al Istithmar, according to a filing with Bursa Malaysia on the 3rd of November 2022.

Why it Matters?

Through the programme, SSQ can issue Sukuk Wakalah in accordance with a variety of green, social, and sustainability-linked initiatives as well as responsible investment guidelines, frameworks, standards, or principles established by the SC, the Association of Southeast Asian Nations (ASEAN) Capital Markets Forum, and the International Capital Market Asso...