DRB- Hicom To Undertake Sukuk Programme Worth RM1.8 Billion
DRB-HICOM Bhd will attempt an Islamic medium-term notes (sukuk) programme of up to RM1.8 billion.
Maybank Investment Bank Bhd was assigned principal adviser, lead arranger and lead manager for the programme.
The company stated that the proceeds from the programme would be used to finance working capital requirements; current and future projects; investments; capital expenditure; and, refinance borrowings.
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