Malaysian Resources Corporation Debuts MYR 600 Million Sukuk Murabahah Issuance

Malaysian Resources Corporation Berhad (MRCB) made its first Sukuk Murabahah issuance under its Sukuk Murabahah Programme on the 14th of August, 2020.

The issuance has a nominal value of MYR 600 million and maturity terms of three years (maturing on the 14th of August 2023), seven years (maturing on the 13th of August 2027) and ten years (maturing on the 14th of August 2030).

MRCB, in its filing with Bursa Malaysia, stated that the funds will be utilised by the companies and subsidiaries to meet capital expenditure requirements, for general working capital needs, as well as for other general corporate purposes, in line with Shariah guidelines.

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