Sime Darby Property Revises Terms for MYR 4.5 Billion Sukuk Programme; Includes ASEAN SRI Sukuk

Malaysian property developer, Sime Darby Property (SD Property) has revised its MYR 4.5 billion Sukuk Musharakah programme to include terms for the potential issuance of ASEAN Sustainable and Responsible Investment (SRI) Sukuk, according to local media reports.

In a statement released on the 25th of November 2020, SD Property stated that the revision aligns with plans to broaden the funding structure for the group’s working capital and to support long-term business growth.

The MYR 4.5 billion Sukuk Musharakah programme has also been assigned a final credit rating of AA+IS with a Stable Outlook by Malaysian Rating Corporation (MARC), after reviewing the final documentation for...