UEM Sunrise Berhad announced that it has successfully completed the issuances of a total of MYR 400.0 million in nominal value of IMTNs (“New IMTNs”) under the IMTN Programme. The New IMTNs are issued in two tranches. The first tranche of MYR 120.0 million issued on 19 June 2023, has a tenure of three (3) years and will mature on 19 June 2026.

The second tranche of MYR 280.0 million issued on 20 June 2023, has a tenure of four (4) years and will mature on 18 June 2027. The proceeds from the New IMTNs will be utilised for UEM Sunrise and/or its subsidiaries’ Shariah-compliant general corporate purposes which shall include the following: acquisition of new landbank; acquisition of company(ies); investments (including capital injections into UEM Sunrise’s subsidiaries, associates and joint ventures companies); project development cost and infrastructure cost; capital expenditure; general expenditure; and refinancing of Islamic financing /outstanding loan facilities.