MYR 86.25 Million Worth Sukuk Murabahah Issued by Naza TTDI Capital Under Its IMTN Programme 

NAZA TTDI Capital, a wholly-owned subsidiary of NAZA TTDI (the Group) in Malaysia announced the issuance of MYR 86.25 million Sukuk Murabahah, which is Tranche 1 of its unrated Islamic Medium Term Note (IMTN) programme of up to MYR 300 million.

Why it Matters?

According to Bank Negara Malaysia’s (BNM) Fully Automated System for Issuing/Tendering (FAST) website, the proceeds from the issuance will go towards the Group’s Shariah-compliant requirements including general corporate purposes, working capital for the KL Metropolis project, and defraying fees, costs and expenses in relation to the issuance of the Sukuk Murabahah, as well as the Sukuk Murabahah Programme. The Sukuk will be backed by properties owned by Naza TTDI that are located i...