KUALA LUMPUR: Cypark Resources Bhd
is planning to issue up to RM500mil Islamic medium term notes with no maturity date (Sukuk Musharakah), as it seeks fresh funds for its renewable energy projects.
Proceeds from the proposed issuance of the perpetual Sukuk Musharakah will be utilised by wholly owned Cypark Renewable Energy Sdn Bhd to refinane existing borrowings, capital expenditure and working capital.
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