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MBSB (1171)

Others

BackOct 28, 2013
Type Announcement
Subject OTHERS
Description MALAYSIA BUILDING SOCIETY BERHAD (“MBSB” OR “COMPANY”)

PROPOSED ESTABLISHMENT OF A 15-YEAR STRUCTURED COVERED SUKUK COMMODITY MURABAHAH PROGRAMME BY MBSB

PROPOSED ESTABLISHMENT OF A 16-YEAR SUKUK COMMODITY MURABAHAH PROGRAMME BY JANA KAPITAL SDN BHD, A WHOLLY-OWNED SUBSIDIARY OF MBSB

On behalf of the Board of Directors of MBSB, RHB Investment Bank Berhad (“RHB Investment Bank”) wishes to announce that:-

(i)    the Company proposes to establish a 15-year Structured Covered Sukuk Commodity Murabahah Programme of up to RM3,000 million (“Structured Covered Sukuk Programme”). The proposed establishment of the Structured Covered Sukuk Programme is part of MBSB’s fundraising exercise; and

(ii)    the Company’s wholly-owned subsidiary, Jana Kapital Sdn Bhd (“Jana Kapital”) proposes to establish a 16-year Sukuk Commodity Murabahah Programme of up to RM4,000 million (“Sukuk Murabahah Programme”). MBSB holds the shares in Jana Kapital on trust for a charitable organisation. The proposed establishment of the Sukuk Murabahah Programme is to facilitate the issuance of Structured Covered Sukuk under the Structured Covered Sukuk Programme.

We further wish to announce that the Structured Covered Sukuk Programme and the Sukuk Murabahah Programme were approved by the Securities Commission via its letters dated 25 October 2013.

This announcement is dated 28 October 2013.

 


Announcement Info

Company Name MALAYSIA BUILDING SOCIETY BERHAD  
Stock Name MBSB    
Date Announced 28 Oct 2013  
Category General Announcement
Reference No MI-131028-67950