UEM Sunrise informs that it has successfully completed the issuances of a total of RM500 million in nominal value of IMTNs (“New IMTNs”) under the IMTN Programme.
The group said the new IMTNs are issued in three tranches, the first tranche of RM200 million has a tenure of five years and will mature on 12 February 2029. The second tranche of RM100 million has a tenure of seven years and will mature on 14 February 2031 while the third tranche of RM200 million has a tenure of ten years and will mature on 14 February 2034.
It plans to use the proceeds for general corporate purposes including for acquisition of new landbank; acquisition of company(ies); investments (including capital injections into UEM Sunrise’s subsidiaries, associates and joint ventures companies); project development cost and infrastructure cost; capital expenditure; general expenditure; and refinancing of Islamic financing / outstanding loan facilities.
The developer is among the major player in the Southern Johor property sector.
