KUALA LUMPUR: Sunway Bhd
's indirect wholly-owned subsidiary, Sunway South Quay Sdn Bhd (SSQ) lodged with the Securities Commission Malaysia (SC) the required information and relevant documents relating to an Islamic medium-term note of RM2.0 billion in nominal value based on the shariah principle of Wakalah Bi Al Istithmar.
In a filing with Bursa Malaysia today, Sunway said proceeds from the sukuk programme would be utilised to finance SSQ and its subsidiaries’ (SSQ Group) working capital, refinancing of its existing financings/borrowings and its general corporate purposes.
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