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Yinson TMC RM500M Sukuk Murabahah Programme Announcement

IM Press Release
By IM Press Release
7 years ago
Yinson TMC RM500M Sukuk Murabahah Programme Announcement

Islam, Murabahah


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  1. IB ​ ​Press​ ​Release​ ​Service Published​ ​on:​​ ​IslamicBanker.com​ ​Publications:​ ​https://www.islamicmarkets.com/publications Yinson​ ​TMC​ ​RM500M​ ​Sukuk​ ​Murabahah Programme​ ​Announcement 25​ ​August​ ​2017 We​ ​as​ ​Facility​ ​Agent,​ ​hereby​ ​notify​ ​that​ ​the​ ​Issuer​ ​will​ ​redeem​ ​10%​ ​of​ ​the​ ​outstanding​ ​principal for​ ​stock​ ​codes​ ​VF160421​ ​and​ ​VG160422​ ​respectively​ ​together​ ​with​ ​the​ ​accrued​ ​periodic payment​ ​from​ ​8​ ​May​ ​2017​ ​until​ ​29​ ​August​ ​2017​ ​(113​ ​days)​ ​on​ ​29​ ​August​ ​2017.​ ​This​ ​is​ ​pursuant to​ ​Clause​ ​12.5​ ​(a)​ ​(ii)​ ​and​ ​12.5​ ​(b)​ ​of​ ​the​ ​Trust​ ​Deed​ ​where​ ​Issuer​ ​shall​ ​mandatorily​ ​redeem 10%​ ​of​ ​the​ ​Outstanding​ ​of​ ​Sukuk​ ​Murabahah​ ​in​ ​the​ ​event​ ​of​ ​early​ ​termination​ ​of​ ​FPSO​ ​and/or FSO​ ​charter​ ​contract. Please​ ​be​ ​notified​ ​accordingly. Organisation​ ​Name: News​ ​Type: Source: Yinson​ ​TMC​ ​Sdn​ ​Bhd Sukuk​ ​Issuance​ ​Announcement BNM​ ​Announcements