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Sunway raises issues US$5mil sukuk wakalah

The Star·05/15/2026 09:52:00
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PETALING JAYA: Sunway Bhd has raised US$5mil from the issue of a sukuk wakalah with a tenure of one year and three days.

In a filing with Bursa Malaysia, Sunway noted the tranche 1 series 1 issuance is part of its multi-currency Islamic medium term notes programme of up to RM10bil proposed by Sunway Treasury Sdn Bhd. 

The proceeds raised from the issuance shall be utilised to finance Shariah-compliant investment activities, capital expenditure, working capital requirements and/or other general corporate purposes of Sunway Group.

HSBC Amanah Malaysia Bhd was the sole lead manager for the issuance of tranche 1 series 1 sukuk wakalah.