OSK Holdings to Raise MYR 2 Billion Via Sukuk Murabahah and Multi-Currency Medium-Term Notes Programme

Malaysia’s OSK Holdings (OSK) is set to launch Islamic Medium Term Notes (Sukuk Murabahah) and Multi-Currency Medium Term Notes (MCMTN), to raise MYR 2 billion in funding.

According to OSK, the issuance proceeds will go towards refinancing borrowings, capital expenditure, working capital, general corporate fees, as well as to meet costs associated with these issuances.

OSK noted in a filing that the Sukuk Murabahah Programme and the MCMTN Programme, guaranteed by OSK, come with a perpetual tenure, whereas the Sukuk Murabahah and the MCMTN to be issued under the Sukuk Murabahah Programme and the MCMTN Programme respectively, shall have a tenure of more than one year, which wil...