TH Plantation Berhad

OTHERS THP SURIA MEKAR SDN. BHD UNRATED ISLAMIC MEDIUM TERM NOTES ("SUKUK WAKALAH") PROGRAMME OF UP TO RM1.08 BILLION IN NOMINAL VALUE BASED ON THE SHARIAH PRINCIPLE OF WAKALAH BI AL-ISTITHMAR ("SUKUK WAKALAH PROGRAMME")

TH PLANTATIONS BERHAD

Type

Announcement

Subject

OTHERS

Description

THP SURIA MEKAR SDN. BHD 

UNRATED ISLAMIC MEDIUM TERM NOTES ("SUKUK WAKALAH") PROGRAMME OF UP TO RM1.08 BILLION IN NOMINAL VALUE BASED ON THE SHARIAH PRINCIPLE OF WAKALAH BI AL-ISTITHMAR ("SUKUK WAKALAH PROGRAMME")

We refer to the previous announcement dated 17 June 2022 and 8 July 2022 in relation to the Sukuk Wakalah Programme. The Board of Directors of TH Plantations Berhad (“THP”) are pleased to announce that THP Suria Mekar Sdn. Bhd. (“TSM”), a special purpose vehicle of THP, has on 3 October 2022 issued RM650.0 million in nominal value of senior Sukuk Wakalah (“Senior Sukuk Wakalah”) under the Sukuk Wakalah Programme.

The issuance details are summarised as follows:-

(a)	Issuer	:	TSM
(b)	Issue date	:	3 October 2022
(c)	Details of issuance	:	Tranche	Series	Nominal value	Tenure	Maturity Date	Periodic Distribution Rate
			2	1	RM60,000,000	4 years	2 October 2026	4.87% p.a.
				2	RM100,000,000	5 years	1 October 2027	5.04% p.a.
				3	RM100,000,000	6 years	3 October 2028	5.16% p.a.
				4	RM100,000,000	7 years	3 October 2029	5.23% p.a.
				5	RM100,000,000	8 years	3 October 2030	5.27% p.a.
				6	RM80,000,000	9 years	3 October 2031	5.31% p.a.
				7	RM80,000,000	10 years	1 October 2032	5.35% p.a.
				8	RM30,000,000	11 years	3 October 2033	5.40% p.a.
			TOTAL		RM650,000,000
(d)	Use of proceeds	:	The proceeds from the issuance of the Senior Sukuk Wakalah shall be utilised by TSM to refinance existing outstanding Sukuk issued under TSM’s existing Sukuk Murabahah Programme of up to RM1.2 billion in nominal value.
(e)	Mode of Issue	:	Private placement

Maybank IB is the Principal Adviser, Lead Arranger and Lead Manager for the Sukuk Wakalah Programme.

This announcement is dated 3 October 2022.

Announcement Info

Company Name	TH PLANTATIONS BERHAD
Stock Name	THPLANT
Date Announced	03 Oct 2022
Category	General Announcement for PLC
Reference Number	GA1-03102022-00067

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Bursa Announcements

OTHERS THP SURIA MEKAR SDN. BHD UNRATED ISLAMIC MEDIUM TERM NOTES ("SUKUK WAKALAH") PROGRAMME OF UP TO RM1.08 BILLION IN NOMINAL VALUE BASED ON THE SHARIAH PRINCIPLE OF WAKALAH BI AL-ISTITHMAR ("SUKUK WAKALAH PROGRAMME")

Announcement Info